English, Article, Journal or magazine article edition: Information Technology, Research & Development, or Both? What Really Drives A Nation's Productivity Francesco VENTURINI

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Bookmark: http://trove.nla.gov.au/version/18676
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Information Technology, Research &​ Development, or Both? What Really Drives A Nation's Productivity
Author
  • Francesco VENTURINI
Physical Description
  • preprint
Notes
  • To what extent are the productivity spillovers of information technology related;to R&​D activity? Do these factors distinctly affect economic growth, or does the IT impact merely reflect the embodiment of R&​D-driven technical progress? Based on country-level data, this work shows that both forms of technically advanced capital (R&​D and IT) matter for long-run productivity growth. We control for either the domestic specialization in digital productions or import penetration of high-tech goods. In any case, the national endowment of IT assets emerges as a robust source of spillovers. It is also shown that the R&​D base of the domestic producers of IT goods is a fundamental driver of productivity for the industrialized countries. In terms of TFP gains, a low degree of industry specialization in information technology can hardly be compensated by a country's trade openness, ie importing R&​D-intensive (IT) goods from abroad. This contrasts to what occurs for less advanced productions.
  • Information Technology, Productivity, Research &​ Development, Spillovers, Trade
  • RePEc:anc:wpaper:321
Language
  • English
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