The Effect of Information Technology and Human Capital on Economic Growth
AbstractIn this paper we compare the impact of hardware, software and com munication equipments, widely referred to as information and communication technologies (ICT) on economic growth among the advanced industrialized countries. We use nonparametric techniques that allow us to directly estimate the elasticity of ICT and human capital for each country and time period. We also examine whether the nonlinear relationship between human capital and growth, found in the literature, still persists in the presence of ICT e¤ects. The data covers the period from 1980-2004, for a range of OECD countries and the results indicate that there exist a nonlinear relationship between ICT and productivity along with a nonlinear relationship between human capital and productivity. Additionally, we observe that in high levels of ICT capital the output elasticities of human capital are larger and the more educated workers in a country the higher are the output elasticities of ICT.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 03-07.
Date of creation: Jul 2007
Date of revision: Jul 2007
Other versions of this item:
- Ketteni, Elena & Mamuneas, Theofanis & Stengos, Thanasis, 2011. "The Effect Of Information Technology And Human Capital On Economic Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 15(05), pages 595-615, November.
- NEP-ALL-2007-09-09 (All new papers)
- NEP-EDU-2007-09-09 (Education)
- NEP-HRM-2007-09-09 (Human Capital & Human Resource Management)
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.:
- Oded Galor, 2004.
"From Stagnation to Growth: Unified Growth Theory,"
GE, Growth, Math methods
- Winford H. Masanjala & Chris Papageorgiou, 2004. "The Solow model with CES technology: nonlinearities and parameter heterogeneity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(2), pages 171-201.
- Kalaitzidakis, P. & Mamuneas, T.P. & Savvides, A. & Stengos, T., 2000.
"Measures of Human Capital and Nonlinearities in Economic Growth,"
2000-5, University of Guelph, Department of Economics.
- Kalaitzidakis, Pantelis, et al, 2001. " Measures of Human Capital and Nonlinearities in Economic Growth," Journal of Economic Growth, Springer, vol. 6(3), pages 229-54, September.
- Andreas Savvides & Theofanis P. Mamuneas & Thanasis Stengos, 2006.
"Economic development and the return to human capital: a smooth coefficient semiparametric approach,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 21(1), pages 111-132.
- Mamuneas, T.P. & Savvides, A. & Stengos, T., 2002. "Economic Development and the Return to Human Capital: A Smooth Coefficient Semiparametric Approach," Working Papers 2002-14, University of Guelph, Department of Economics.
- Donald Siegel, 1997. "The Impact Of Computers On Manufacturing Productivity Growth: A Multiple-Indicators, Multiple-Causes Approach," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 68-78, February.
- Nicola Matteucci & Mary O'Mahony & Catherine Robinson & Thomas Zwick, 2005. "Productivity, Workplace Performance And Ict: Industry And Firm-Level Evidence For Europe And The Us," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(3), pages 359-386, 07.
- Martin Falk & Katja Seim, 2001.
"The Impact Of Information Technology On High-Skilled Labor In Services: Evidence From Firm-Level Panel Data,"
Economics of Innovation and New Technology,
Taylor and Francis Journals, vol. 10(4), pages 289-323.
- Falk, Martin & Seim, Katja, 1999. "The impact of information technology on high-skilled labour in services: evidence from firm level panel data," ZEW Discussion Papers 99-58, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
- Hyunbae Chun, 2003. "Information Technology and the Demand for Educated Workers: Disentangling the Impacts of Adoption versus Use," The Review of Economics and Statistics, MIT Press, vol. 85(1), pages 1-8, February.
- Fan, Y. & Li, Q. & Stengos, T., 1992. "Root-Consistent Semiparametric Regression with Conditionally Heteroskedastic Disturbances," Working Papers 1992-17, University of Guelph, Department of Economics.
- Galor, O. & Tsiddon, D., 1996.
"Technological Progress, Mobility and Economic Growth,"
13-96, Tel Aviv.
- Galor, Oded & Tsiddon, Daniel, 1997. "Technological Progress, Mobility, and Economic Growth," American Economic Review, American Economic Association, vol. 87(3), pages 363-82, June.
- Galor, Oded & Tsiddon, Daniel, 1996. "Technological Progress, Mobility, and Economic Growth," CEPR Discussion Papers 1413, C.E.P.R. Discussion Papers.
- Bart van Ark & Robert Inklaar & Robert H. McGuckin, 2003. "The Contribution of ICT-Producing and ICT-Using Industries to Productivity Growth: A Comparison of Canada, Europe and the United States," International Productivity Monitor, Centre for the Study of Living Standards, vol. 6, pages 56-63, Spring.
- Nehru, Vikram & Swanson, Eric & Dubey, Ashutosh, 1995. "A new database on human capital stock in developing and industrial countries: Sources, methodology, and results," Journal of Development Economics, Elsevier, vol. 46(2), pages 379-401, April.
- Cai, Zongwu & Das, Mitali & Xiong, Huaiyu & Wu, Xizhi, 2006. "Functional coefficient instrumental variables models," Journal of Econometrics, Elsevier, vol. 133(1), pages 207-241, July.
- Oded Galor & Omer Moav, 2000.
"Ability-Biased Technological Transition, Wage Inequality, And Economic Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 115(2), pages 469-497, May.
- Oded Galor & Omer Moav, 1998. "Ability Biased Technological Transition, Wage Inequality, and Economic Growth," Working Papers 98-14, Brown University, Department of Economics.
- Ketteni, Elena & Mamuneas, Theofanis P. & Stengos, Thanasis, 2007.
"Nonlinearities in economic growth: A semiparametric approach applied to information technology data,"
Journal of Macroeconomics,
Elsevier, vol. 29(3), pages 555-568, September.
- Elena Ketteni & Theofanis P. Mamuneas & Thanasis Stengos, 2007. "Nonlinearities in Economic Growth: A Semiparametric Approach applied to Information Technology data," Working Papers 0701, University of Guelph, Department of Economics.
- van Ark, Bart, 1998. "Productivity," Journal of the Japanese and International Economies, Elsevier, vol. 12(2), pages 171-174, June.
- Galor, Oded & Zeira, Joseph, 1993.
"Income Distribution and Macroeconomics,"
Review of Economic Studies,
Wiley Blackwell, vol. 60(1), pages 35-52, January.
- Dirk Pilat & Paul Schreyer, 2004. "The OECD Productivity Database: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 59-65, Spring.
- Francesco VENTURINI, 2008. "Information Technology, Research & Development, or Both? What Really Drives A Nation's Productivity," Working Papers 321, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roberto Patuelli).
If references are entirely missing, you can add them using this form.