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The determinants of investment in information and communication technologies

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  • P. Guerrieri
  • M. Luciani
  • V. Meliciani

Abstract

In this paper, we assess the determinants of information and communication technology (ICT) investment at the macro-level, for a panel of 10 advanced countries, in the period 1992-2005. We investigate the idea that, since ICTs are general purpose technologies, the decision to invest in these technologies is strongly affected by the general business environment in which the investment takes place. The empirical results are consistent with this idea: facilitating factors such as changes in market regulation, amount of human capital, expenditure on R&D, and the share of the dynamic services sector in the economy, positively influence investment in ICT.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10438599.2010.526313
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 20 (2011)
Issue (Month): 4 ()
Pages: 387-403

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Handle: RePEc:taf:ecinnt:v:20:y:2011:i:4:p:387-403

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Related research

Keywords: information and communication technologies; general purpose technologies; structural change; human capital; regulation;

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References

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  1. Menzie D. Chinn & Robert Fairlie, 2004. "The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration," NBER Working Papers 10686, National Bureau of Economic Research, Inc.
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  8. Christopher Gust & Jaime Marquez, 2002. "International comparisons of productivity growth: the role of information technology and regulatory practices," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 727, Board of Governors of the Federal Reserve System (U.S.).
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  10. Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers, OECD Publishing 530, OECD Publishing.
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  14. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers, OECD Publishing 2000/2, OECD Publishing.
  15. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  16. Guerrieri, Paolo & Meliciani, Valentina, 2005. "Technology and international competitiveness: The interdependence between manufacturing and producer services," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 16(4), pages 489-502, December.
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Citations

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Cited by:
  1. Fabio Bacchini & Maria Elena Bontempi & Roberto Golinelli & Cecilia Jona-Lasinio, 2014. "ICT and Non-ICT investments: short and long run macro dynamics," Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli 14113, Dipartimento di Economia e Finanza, LUISS Guido Carli.
  2. Olimpia Neagu, 2011. "How The Investment In R&D Is Related To The Human Capital Accumulation? The Case Of Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 35.
  3. Rammer, Christian & Köhler, Christian, 2012. "Innovationen, Anlageinvestitionen und immaterielle Investitionen," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 12-085, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  4. Eyraud, Luc & Clements, Benedict & Wane, Abdoul, 2013. "Green investment: Trends and determinants," Energy Policy, Elsevier, Elsevier, vol. 60(C), pages 852-865.
  5. Luc Eyraud & Changchang Zhang & Abdoul Aziz Wane & Benedict J. Clements, 2011. "Who's Going Green and Why? Trends and Determinants of Green Investment," IMF Working Papers, International Monetary Fund 11/296, International Monetary Fund.
  6. Sadaf Bashir & Bert Sadowski, 2014. "General Purpose Technologies: A Survey, a Critique and Future Research Directions," Working Papers, Eindhoven Center for Innovation Studies 14-02, Eindhoven Center for Innovation Studies, revised Feb 2014.

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