How ICT and R&D affect productivity? Firm level evidence for China

Facang Zhu, Qianqian Li, Shichun Yang and Tomas Baležentis

Economic Research-Ekonomska Istraživanja, 2021, vol. 34, issue 1, 3468-3486

Abstract: Based on an extended three-step CDM model, this paper addresses the impacts of research and development (R&D) and information and communication technology (ICT) on firm productivity for the World Bank innovation survey data of China. The study includes ICT investment and R&D as the two main inputs into innovation and productivity. We find that R&D and ICT investments positively affect product innovation and process innovation, with R&D being more important for innovation and productivity, and ICT being more important for innovation and no direct effect on productivity. We conclude that R&D and ICT investments increase the probability of product innovation and process innovation, which increase firm’s productivity, suggesting that R&D and ICT investments indirectly affect productivity through innovation.

Date: 2021
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Citations: View citations in EconPapers (5)

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DOI: 10.1080/1331677X.2021.1875861

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