Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129665 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
IFN Working Paper No. 1108
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
We analyze the effect of ICT and R&D on total factor productivity (TFP) growth across different industries in Sweden. R&D alone is significantly associated with contemporaneous TFP growth, thus exhibiting spillover effects. Although there is no significant short-run association between ICT and TFP, we find a positive association with a lag of seven to eight years. Thus, spillovers from R&D affect TFP much faster than spillovers from ICT-investments. We also divide ICT capital into hardware and software capital. To our knowledge, this distinction has not been made in any previous study analyzing TFP at the industry level. The results show that lagged hardware capital services growth is significantly associated with TFP growth. Hence, investments complementary to hardware are needed to reap the long-run TFP effects from reorganizing production.
Schlagwörter: 
ICT
R&D
Spillovers
Total factor productivity
Panel data analysis
JEL: 
L16
O33
O47
Dokumentart: 
Working Paper

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