ICT, R&D and Organizational Innovation: Exploring Complementarities in Investment and Production

Pierre Mohnen, Michael Polder and George Leeuwen

No 25044, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate an integrated model of investment profile adoption and total factor productivity growth. We find that the three investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one because joint investments lead to higher TFP growth than individual investments. ICT earns on average an expected rate of return of 9.7%, followed by 6% to 7% on organizational innovation and a modest 1.4% to 1.8% on R&D in services and manufacturing respectively.

JEL-codes: L25 O30 O33 (search for similar items in EconPapers)
Date: 2018-09
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ict, nep-ino and nep-sbm
Note: PR
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Citations: View citations in EconPapers (15)

Published as Information and Communications Technology, R&D, and Organizational Innovation: Exploring Complementarities in Investment and Production , Pierre Mohnen, Michael Polder, George van Leeuwen. in Measuring and Accounting for Innovation in the Twenty-First Century , Corrado, Haskel, Miranda, and Sichel. 2021

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