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The Determinants of Investment in Information and Communication Technologies

Author

Listed:
  • Paolo Guerrieri

    (Professor, Università di Roma ‘La Sapienza’; Visiting Professor, College of Europe (Bruges))

  • Matteo Lucani

    (Université Libre de Bruxelles)

  • Valentina Meliciani

    (Università di Teramo)

Abstract

In this paper we investigate the determinants of ICT investment at the macro level for a panel of ten countries over the period 1992-2005. We argue that, since ICT is a General Purpose Technology, its diffusion can be understood only considering the interaction with institutional and structural factors. The empirical results are in line with this view: facilitating factors such as changes in regulation, human capital and the sectoral composition of the economy are relevant determinants for increasing ICT investment.

Suggested Citation

  • Paolo Guerrieri & Matteo Lucani & Valentina Meliciani, 2010. "The Determinants of Investment in Information and Communication Technologies," Bruges European Economic Research Papers 16, European Economic Studies Department, College of Europe.
    • Handle: RePEc:coe:wpbeer:16
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    More about this item

    Keywords

    information and communication technologies; general purpose technologies; structural change; human capital; regulation;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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