We see ICT spillovers everywhere but in the econometric evidence: a reassessment

Ian William Marsh, Ana Rincon-Aznar, Michela Vecchi and Francesco Venturini ()

Industrial and Corporate Change, 2017, vol. 26, issue 6, 1067-1088

Abstract: Using company-level data for the USA we study the productivity effects of knowledge spillovers, induced by the diffusion of Information and Communication Technologies (ICT) in the markets where companies operate. We adopt multiple spillover proxies and account for firms’ absorptive capacity and lagged effects. Our results show that intra-industry ICT spillovers have a contemporaneous negative effect while the impact of inter-industry spillovers is positive. The overall productivity effect of ICT is negative, except for those companies with a strong absorptive capacity. However, after a 5-year lag the overall spillover effect turns positive while the role of absorptive capacity diminishes as a consequence of decreasing learning costs and more accessible technology.

JEL-codes: D24 D62 O33 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (22)

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