IDEAS home Printed from https://ideas.repec.org/p/sas/wpaper/20144.html
   My bibliography  Save this paper

ICT Stochastic Externalities and Growth: Missed Opportunities, Beyond Sustainability or What?

Author

Listed:
  • Bernardo Maggi

    () (Sapienza Universita' di Roma)

Abstract

In this paper we present an analysis of the OECD production process and consider the ICT as driver of growth. In doing so the production function approach adopted underlines the externalities exploited or not and, possibly, when the production process overpasses the countries capacities implied by the technical parameters. In line with the general purpose theory such externalities are attributed to ICT. Business services are relevant as a vehicle to better exploit the innovative capital embedded in the production process. We develop and implement a methodology for the evaluation of the different effects on growth related to ICT. Our main conclusion is that even if a competitive solution is viable there are possible, though small, margins for a sustained growth in the long run for the OECD countries considered. We also point out some conclusions on the capital and labour shares showing that the latter is too small both in the long and short run.

Suggested Citation

  • Bernardo Maggi, 2014. "ICT Stochastic Externalities and Growth: Missed Opportunities, Beyond Sustainability or What?," DSS Empirical Economics and Econometrics Working Papers Series 2014/4, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.
  • Handle: RePEc:sas:wpaper:20144
    as

    Download full text from publisher

    File URL: http://www.dss.uniroma1.it/RePec/sas/wpaper/20144_m.pdf
    File Function: First version, 2014
    Download Restriction: no

    References listed on IDEAS

    as
    1. Mun, S-B. & Nadiri, M.I., 2002. "Information Technology Externalities: Empirical Evidence from 42 U.S. Industries," Working Papers 02-03, C.V. Starr Center for Applied Economics, New York University.
    2. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    3. Maggi, Bernardo & Muro, Daniel, 2013. "A multi-country non-linear dynamical model for the study of European growth based on technology and business services," Structural Change and Economic Dynamics, Elsevier, vol. 25(C), pages 173-187.
    4. Lipsey, Richard G. & Carlaw, Kenneth I. & Bekar, Clifford T., 2005. "Economic Transformations: General Purpose Technologies and Long-Term Economic Growth," OUP Catalogue, Oxford University Press, number 9780199290895.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Angelo Castaldo & Alessandro Fiorini & Bernardo Maggi, 2016. "Measuring (in a time of crisis) the impact of broadband connections on economic growth: an OECD panel analysis," DSS Empirical Economics and Econometrics Working Papers Series 2016/1, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.

    More about this item

    Keywords

    Growth and externalities; ICT; Technology; Business Services; Panel Data Econometrics;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sas:wpaper:20144. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stefano Fachin). General contact details of provider: http://edirc.repec.org/data/ddrosit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.