Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach
Pieri, Fabio, Vecchi, Michela 
ORCID: https://orcid.org/0000-0002-0129-6769 and Venturini, Francesco
(2017)
Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach.
Working Paper.
Universita' degli Studi di Trento.
.
[Monograph]
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Abstract
This study explores the channels through which technological investments affect productivity performance of industrialized economies. Using a Stochastic Frontier Model (SFM) we estimate the productivity effects of R&D and ICT for a large sample of OECD industries between 1973 and 2007, identifying four channels of transmission: input accumulation, technological change, technical efficiency and spillovers. Our results show that ICT has been particularly effective in reducing production inefficiency and in generating inter-industry spillovers, while R&D has raised the rate of technical change and favoured knowledge spillovers within sectors. We also quantify the contribution of technological investments to output and TFP growth documenting that R&D and ICT accounted for almost 95% of TFP growth in the OECD area.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | DEM Working Papers: N. 2017/13 |
| Research Areas: | A. > Business School > Economics |
| Item ID: | 23043 |
| Notes on copyright: | Full text reproduced with permission of Department of Economics and Management, University of Trento |
| Useful Links: | |
| Depositing User: | Michela Vecchi |
| Date Deposited: | 28 Nov 2017 12:54 |
| Last Modified: | 06 Jun 2022 10:23 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/23043 |
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