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ICT Capital and Services Complementarities. The Italian Evidence

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  • Francesco Quatraro

    ()
    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR7321 - Université Nice Sophia Antipolis [UNS])

Abstract

This article investigates whether Information and Communication Technologies (ICTs) hardware and services play a complementary role in boosting economic growth. The main argument is that investments in ICT fixed capital are a necessary but not sufficient condition leading to productivity gains, above all in late adopter countries. Their effective implementation indeed requires on the one hand a changing economic structure characterized by a growing weight of service sectors and on the other hand complementary investments in ICT services, directed to ease the integration of the new technologies within firms' boundaries. The analysis is conducted on a late industrialized country like Italy, and shows that in lagging countries the weak impact of ICT adoption is the result of three converging forces: relatively high share of manufacturing sectors, low-adoption levels of ICTs in traditional manufacturing sectors, inadequate investments in ICT services.

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Bibliographic Info

Paper provided by HAL in its series Post-Print with number halshs-00727611.

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Date of creation: 04 Jul 2011
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Publication status: Published, Applied Economics, 2011, 43, 20, 2603-2613
Handle: RePEc:hal:journl:halshs-00727611

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00727611
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Related research

Keywords: Information and Communication Technologies; Economic Growth; General Purpose Technologies; Complementarities.;

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  1. Kevin J. Stiroh, 2002. "Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?," American Economic Review, American Economic Association, vol. 92(5), pages 1559-1576, December.
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  3. Francesco Quatraro, 2009. "Innovation, structural change and productivity growth. Evidence from Italian regions, 1980-2003," Post-Print halshs-00727621, HAL.
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Cited by:
  1. Antonelli, Cristiano & Krafft, Jackie & Quatraro, Francesco, 2010. "Recombinant knowledge and growth: The case of ICTs," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 50-69, March.
  2. Sadaf Bashir & Bert Sadowski, 2014. "General Purpose Technologies: A Survey, a Critique and Future Research Directions," Working Papers 14-02, Eindhoven Center for Innovation Studies, revised Feb 2014.

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