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Barriers to investment in ICT

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Author Info
Matteo Bugamelli
Patrizio Pagano

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Abstract

This paper studies the complementarity between investment in information and communication technologies (ICT) and the related investment in human and organizational capital. Using firm-level data taken from a large sample of Italian manufacturing firms, an ICT marginal product much higher than its user cost is estimated. It is then argued that missing complementary investments may have acted as barriers to investment in ICT. Results support the conjecture that the marginal product excess over the user cost is due to those firms that did not complement their ICT investment with an increase in the human capital of their labour force and with a reorganization of the workplace.

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Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 36 (2004)
Issue (Month): 20 (November)
Pages: 2275-2286
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Handle: RePEc:taf:applec:v:36:y:2004:i:20:p:2275-2286

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gianfranco Atzeni & Oliviero Carboni, 2006. "Regional Disparity in ICT Adoption: an Empirical Evaluation of The Effects of Subsidies in Italy," Working Paper CRENoS 200608, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
  2. Chiara Oldani, 2005. "L'impatto della New Economy sull'attività bancaria italiana: un'analisi qualitativa," Finance 0504001, EconWPA. [Downloadable!]
  3. Gianfranco Atzeni & Oliviero Carboni, 2001. "The economic effects of information technology: firm level evidence from the italian case," Working Paper CRENoS 200114, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
  4. Bugamelli, M. & Pagano, P. & Paterno, F. & Pozzolo, A.F. & Rossi, S. & Schivardi, F., 2003. "Ingredients for The New Economy: How Much Does Finance Matter?," EIFC - Technology and Finance Working Papers 31, United Nations University, Institute for New Technologies. [Downloadable!]
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  5. Luigi Benfratello & Tiziano Razzolini & Alessandro Sembenelli, 2009. "Does ICT Investment Spur or Hamper Offshoring? Empirical Evidence from Microdata," Working Papers 5, University of Torino, Department of Economics and Public Finance "G. Prato". [Downloadable!]
    Other versions:
  6. Gianfranco Enrico Atzeni & Oliviero Antonio Carboni, 2005. "ICT productivity and firm propensity to innovative investment: learning effect evidence from italina micro data," Industrial Organization 0503012, EconWPA. [Downloadable!]
    Other versions:
  7. Ignacio Hernando & Soledad Núñez, 2004. "The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data," Investigaciones Economicas, Fundación SEPI, vol. 28(2), pages 315-348, May. [Downloadable!]
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