Human Capital and Growth of Information and Communication Technology-intensive Industries: Empirical Evidence from Open Economies
M urphy G. and S iedschlag I. Human capital and growth of information and communication technology-intensive industries: empirical evidence from open economies, Regional Studies . This paper examines the effect of human capital on the growth of information and communication technology (ICT)-intensive industries using data from a sample of open economies over the period 1980--1999. The econometric analysis suggests that value added and employment in ICT-intensive industries grew relatively faster in countries with a higher ex-ante human capital stock and in countries with a fast improvement in human capital. Further, in countries with fast human capital accumulation, labour productivity in ICT-intensive industries grew faster. The results are robust to controls for other determinants of industry growth and country characteristics affecting industry specialization and to using alternative human capital measures.
Volume (Year): 47 (2013)
Issue (Month): 9 (October)
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