ICT Stochastic Externalities and Growth: Missed Opportunities, Beyond Sustainability or What?

Bernardo Maggi

No 2014/4, DSS Empirical Economics and Econometrics Working Papers Series from Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome

Abstract: In this paper we present an analysis of the OECD production process and consider the ICT as driver of growth. In doing so the production function approach adopted underlines the externalities exploited or not and, possibly, when the production process overpasses the countries capacities implied by the technical parameters. In line with the general purpose theory such externalities are attributed to ICT. Business services are relevant as a vehicle to better exploit the innovative capital embedded in the production process. We develop and implement a methodology for the evaluation of the different effects on growth related to ICT. Our main conclusion is that even if a competitive solution is viable there are possible, though small, margins for a sustained growth in the long run for the OECD countries considered. We also point out some conclusions on the capital and labour shares showing that the latter is too small both in the long and short run.

Keywords: Growth and externalities; ICT; Technology; Business Services; Panel Data Econometrics (search for similar items in EconPapers)
JEL-codes: C33 D62 O11 O47 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2014-05
New Economics Papers: this item is included in nep-ict and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.dss.uniroma1.it/RePec/sas/wpaper/20144_m.pdf First version, 2014 (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:sas:wpaper:20144

Access Statistics for this paper

More papers in DSS Empirical Economics and Econometrics Working Papers Series from Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome Contact information at EDIRC.
Bibliographic data for series maintained by Stefano Fachin ( this e-mail address is bad, please contact ).