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The Impact of High-Tech Capital on Productivity: Evidence from Australia

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Author Info
Ellis Connolly
Kevin J. Fox
Abstract

This article examines the relationship between high-tech capital use and productivity. Using Australian data, some evidence is found of a positive relationship between high-tech capital use and productivity in the market sector, but there is much less evidence of excess returns. These results are robust to the use of a variety of different measures of high-tech capital. At the industry level however, the relationship is significant and positive for only some industries. This suggests that the benefits of investment in high-tech capital are not spread evenly across the economy. (JEL O3) Copyright 2006, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ei/cbj004
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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 44 (2006)
Issue (Month): 1 (January)
Pages: 50-68
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Handle: RePEc:oup:ecinqu:v:44:y:2006:i:1:p:50-68

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O3 - Economic Development, Technological Change, and Growth - - Technological Change

Cited by:
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  1. Richard Dion & Robert Fay, 2008. "Understanding Productivity: A Review of Recent Technical Research," Discussion Papers 08-3, Bank of Canada. [Downloadable!]
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This page was last updated on 2009-12-15.

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