The Impact of High-Tech Capital on Productivity: Evidence from Australia

Ellis Connolly and Kevin J. Fox

Economic Inquiry, 2006, vol. 44, issue 1, pages 50-68

Abstract: This article examines the relationship between high-tech capital use and productivity. Using Australian data, some evidence is found of a positive relationship between high-tech capital use and productivity in the market sector, but there is much less evidence of excess returns. These results are robust to the use of a variety of different measures of high-tech capital. At the industry level however, the relationship is significant and positive for only some industries. This suggests that the benefits of investment in high-tech capital are not spread evenly across the economy. (JEL O3) Copyright 2006, Oxford University Press.

JEL-codes: O3 (search for similar items in EconPapers)
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