Modelling the joint impact of R and D and ICT on productivity: A frontier analysis approach

Fabio Pieri, Michela Vecchi and Francesco Venturini ()

No 2017/13, DEM Working Papers from Department of Economics and Management

Abstract: This study explores the channels through which technological investments affect productivity performance of industrialized economies. Using a Stochastic Frontier Model (SFM) we estimate the productivity effects of R\D and ICT for a large sample of OECD industries between 1973 and 2007, identifying four channels of transmission: input accumulation, technological change, technical efficiency and spillovers. Our results show that ICT has been particularly effective in reducing production inefficiency and in generating inter-industry spillovers, while R\D has raised the rate of technical change and favoured knowledge spillovers within sectors. We also quantify the contribution of technological investments to output and TFP growth documenting that R\D and ICT accounted for almost 95% of TFP growth in the OECD area.

Keywords: Research and Development; Information and Communication Technology; Productivity; Stochastic frontier models (search for similar items in EconPapers)
JEL-codes: O14 O32 O47 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ict, nep-ino, nep-ore and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwprg:2017/13

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