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Employment of High-skilled Labour, Computer Investment and Innovation Expenditures. Speed-up of Technological Change

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Martin Falk (WIFO)

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Abstract

This paper analyses the link between the high-skilled employment share proxied by university graduates and the level of investment in information and communication technologies (ICT) as a percentage of total investment. The analysis is based on a survey of 1,000 Austrian firms in 2000. To account for firms which do not employ university graduates we apply a standard Tobit model. The empirical evidence indicates that firms with a higher ICT investment ratio employ a larger fraction of high-skilled workers. Finally, we find that innovation expenditures and the existence of patents are also important determinants explaining the high-skilled labour share.

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Publisher Info
Article provided by WIFO in its journal WIFO-Monatsberichte.

Volume (Year): 77 (2004)
Issue (Month): 3 (March)
Pages: 213-222
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Handle: RePEc:wfo:monber:y:2004:i:3:p:213-222

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Keywords: Diffusion von Informations- und Kommunikationstechnologien; Akademiker; Innovationsaktivitäten;

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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.:
  1. Claudia Goldin & Lawrence F. Katz, 1998. "The Origins Of Technology-Skill Complementarity," The Quarterly Journal of Economics, MIT Press, vol. 113(3), pages 693-732, August. [Downloadable!] (restricted)
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  2. Timothy F. Bresnahan & Erik Brynjolfsson & Lorin M. Hitt, 2002. "Information Technology, Workplace Organization, And The Demand For Skilled Labor: Firm-Level Evidence," The Quarterly Journal of Economics, MIT Press, vol. 117(1), pages 339-376, February. [Downloadable!] (restricted)
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  3. Hollenstein, Heinz, 2004. "Determinants of the adoption of Information and Communication Technologies (ICT): An empirical analysis based on firm-level data for the Swiss business sector," Structural Change and Economic Dynamics, Elsevier, vol. 15(3), pages 315-342, September. [Downloadable!] (restricted)
  4. Jacobebbinghaus, Peter & Zwick, Thomas, 2001. "New technologies and the demand for medium qualified labour in Germany," ZEW Discussion Papers 01-12, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  5. Timothy F. Bresnahan, 1997. "Computerization and Wage Dispersion: An Analytical Reinterpretation," Working Papers 97031, Stanford University, Department of Economics. [Downloadable!]
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  6. Hofer, Helmut & Riedel, Monika, 2003. "Computer Use and the Wage Structure in Austria," Economics Series 147, Institute for Advanced Studies. [Downloadable!]
  7. Hollenstein, Heinz, 1996. "A composite indicator of a firm's innovativeness. An empirical analysis based on survey data for Swiss manufacturing," Research Policy, Elsevier, vol. 25(4), pages 633-645, June. [Downloadable!] (restricted)
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