Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95066
Authors: 
Mellander, Erik
Savvidiou, Eleni
Gunnarsson, Gudmundur
Year of Publication: 
2001
Series/Report no.: 
IUI Working Paper 551
Abstract: 
Unlike previous analyses, we consider (i) that IT may affect productivity growth both directly and indirectly, through human capital interactions, and (ii) possible externalities in the use of IT. Examining, hypothetically, the statistical consequences of erroneously disregarding (i) and (ii) we shed light on the small or negative growth effects found in early U.S. studies, as well as the positive impacts reported recently. Our empirical analysis uses a 14-industry panel for Swedish manufacturing 1986-95. We find that human capital developments made the average effect of IT essentially zero in 1986 and steadily increasing thereafter, and, also, generated large differences in growth effects across industries.
Subjects: 
IT-human Capital Complementarity
New Growth Theory
Applied Econometrics
JEL: 
D24
J24
L60
Document Type: 
Working Paper

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