Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach

Pieri, Fabio, Vecchi, Michela ORCID: 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. .

PDF (Working paper University of Trento) - Published version (with publisher's formatting)
Download (6MB) | Preview


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: 03 Apr 2019 21:12

Actions (login required)

Edit Item Edit Item

Full text downloads (NB count will be zero if no full text documents are attached to the record)

Downloads per month over the past year