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ICT productivity and firm propensity to innovative investment: Evidence from Italian microdata

Atzeni, Gianfranco Enrico and Carboni, Oliviero Antonio (2006) ICT productivity and firm propensity to innovative investment: Evidence from Italian microdata. Information Economics and Policy, Vol. 18 (2), p. 139-156. ISSN 0167-6245. Article.

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DOI: 10.1016/j.infoecopol.2005.10.002

Abstract

Employing a large and detailed data set from Italian manufacturing firms, we provide some insight into the link between information and communication technology (ICT), productivity and the innovative level of investment. Our results support the hypothesis that ICT is different from conventional capital in the rate of technological progress, the compatibility between old and new capital and the extent of learning by doing. We compute ICT marginal productivity across different clusters of firms and its impact on output growth. Depending on their attitude to innovation, firms are found to be appreciably more ICT productive when non-leading technologies are adopted. We find that ICT has a disproportionately wide impact on growth compared to the share in total investment that it represents.

Item Type:Article
ID Code:2818
Status:Published
Refereed:Yes
Uncontrolled Keywords:Growth, investment behaviour, information and communication technologies, productivity, replacement
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:Elsevier
ISSN:0167-6245
Additional Information:Già pubblicato come working paper in: Working papers CRENoS, 2004/14, 24 p.
Comunicazione presentata alla "Knowledge and Regional Economic Development" Conference, Barcelona, Spain, 09–11 June 2005.
Deposited On:25 Aug 2009 12:16

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