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 (2018) Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Research Policy, 47 (9). pp. 1842-1852. ISSN 0048-7333 (doi:10.1016/j.respol.2018.06.013)

PDF - Final accepted version (with author's formatting) Restricted to Repository staff and depositor only until 19 January 2020. Available under License Creative Commons Attribution-NonCommercial-NoDerivatives. Download (1MB) | Request a copy

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 total factor productivity growth documenting that R&D and ICT accounted for almost 95% of productivity growth in the OECD area.

Actions (login required)

Edit Item