The determinants of investment in information and communication technologies

P. Guerrieri, Matteo Luciani and Valentina Meliciani ()

Economics of Innovation and New Technology, 2011, vol. 20, issue 4, 387-403

Abstract: In this paper, we assess the determinants of information and communication technology (ICT) investment at the macro-level, for a panel of 10 advanced countries, in the period 1992-2005. We investigate the idea that, since ICTs are general purpose technologies, the decision to invest in these technologies is strongly affected by the general business environment in which the investment takes place. The empirical results are consistent with this idea: facilitating factors such as changes in market regulation, amount of human capital, expenditure on R&D, and the share of the dynamic services sector in the economy, positively influence investment in ICT.

Keywords: information and communication technologies; general purpose technologies; structural change; human capital; regulation (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (35)

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Working Paper: The Determinants of Investment in Information and Communication Technologies (2010)
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DOI: 10.1080/10438599.2010.526313

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