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

Article

Pieri, F., Vecchi, M. and Venturini, F. 2018. Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Research Policy. 47 (9), pp. 1842-1852. https://doi.org/10.1016/j.respol.2018.06.013
TypeArticle
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 total factor productivity growth documenting that R&D and ICT accounted for almost 95% of productivity growth in the OECD area.

PublisherElsevier
JournalResearch Policy
ISSN0048-7333
Publication dates
Online19 Jul 2018
Print01 Nov 2018
Publication process dates
Deposited28 Jun 2018
Accepted27 Jun 2018
Output statusPublished
Accepted author manuscript
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Copyright Statement

© 2018. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.respol.2018.06.013
LanguageEnglish
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