The Return on Information Technology: Who Benefits Most?

被引:13
作者
Dhyne, Emmanuel [1 ,2 ]
Konings, Jozef [3 ,4 ,5 ]
Van den Bosch, Jeroen [4 ,6 ]
Vanormelingen, Stijn [4 ]
机构
[1] Natl Bank Belgium, B-1000 Brussels, Belgium
[2] Univ Mons, B-7000 Mons, Belgium
[3] Univ Liverpool, Liverpool L69 7ZH, Merseyside, England
[4] Katholieke Univ Leuven, B-3000 Leuven, Belgium
[5] Ctr Econ Policy Res, London EC1V 0DX, England
[6] IMEC Leuven, B-3001 Leuven, Belgium
关键词
information and communication technology; productivity; firm-level data; FIRM PERFORMANCE; AGGREGATE PRODUCTIVITY; UNITED-STATES; IMPACT; PARADOX; GROWTH; INVESTMENTS; VARIABLES; LABOR;
D O I
10.1287/isre.2020.0960
中图分类号
G25 [图书馆学、图书馆事业]; G35 [情报学、情报工作];
学科分类号
1205 ; 120501 ;
摘要
This paper uses a new microdata set of business-to-business firm-level transactions in Belgium to construct a measure of information and communication technology (ICT) investment at the firm level, which we combine with the income statement of firms to analyze the impact of ICT on productivity. We find that a firm investing an additional euro in ICT increases value added by 1 euro and 35 cents on average. This marginal product of ICT investment increases with firm size and varies across sectors. Although we find substantial returns of ICT at the firm level, such returns are much lower at the aggregate level. This is due to underinvestment in ICT (ICT capital deepening is low) and misallocation of ICT investments.
引用
收藏
页码:194 / 211
页数:18
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