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

Working paper

Pieri, F., Vecchi, M. and Venturini, F. 2017. Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Universita' degli Studi di Trento.
TypeWorking paper
TitleModelling the joint impact of R&D and ICT on productivity: a frontier analysis approach
AuthorsPieri, F., Vecchi, M. and Venturini, F.
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.

PublisherUniversita' degli Studi di Trento
Publication dates
Print28 Nov 2017
Publication process dates
Deposited28 Nov 2017
Accepted28 Nov 2017
Output statusPublished
Publisher's version
Copyright Statement

Full text reproduced with permission of Department of Economics and Management, University of Trento

Additional information

DEM Working Papers: N. 2017/13

Web address (URL)http://www.economia.unitn.it/71/dem-working-papers
LanguageEnglish
Institution nameUniversity of Trento, Italy
Department nameDepartment of Economics and Management
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