Information and Communications Technology (ICT) and Spillover: A Panel Analysis

Sang-Yong Tom Lee and Xiao Jia Guo

No 722, Econometric Society 2004 Far Eastern Meetings from Econometric Society

Abstract: The pervasive role of information and communications technology (ICT) in the new economy is well documented. There is now considerable agreement among scholars regarding the ICT contribution to national productivity growth. On the other hand, the production spillover and network externality associated with ICT capital draws its contribution beyond the neoclassical baseline. Many researchers have provided empirical evidence for the correlation between ICT spillover and national productivity. Nevertheless, the ICT spillover in international context is still an unexplored area. Inspired by the belief that ICT bears the features of knowledge capital, we conjecture that ICT-related knowledge spillover could happen in today’s open world economy. We conduct empirical tests on a balance panel of annual data series from a sample of 29 countries over period 1993-2001. The empirical results confirm the existence of international ICT spillover and the pattern of such spillover for two distinguished economic groups. With reference to these findings, policies in regard to promoting knowledge flow and trade openness are discussed for economies to fully reap the benefits of the international ICT spillover effect

Keywords: Information and Communication Technology (ICT); spillover (search for similar items in EconPapers)
JEL-codes: C33 L86 (search for similar items in EconPapers)
Date: 2004-08-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://repec.org/esFEAM04/up.27583.1080732562.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecm:feam04:722

Access Statistics for this paper

More papers in Econometric Society 2004 Far Eastern Meetings from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().