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ICT capital and services complementarities: the Italian evidence

[Zeitschriftenartikel]

Quatraro, Francesco

Zitationshinweis

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Abstract This paper investigates whether ICTs hardware and services play a complementary role in boosting economic growth. The main argument is that investments in ICTs 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, on the other hand complementary investments in ICTs 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 ICTs 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 ICTs services.
Klassifikation Volkswirtschaftslehre; Technikfolgenabschätzung
Freie Schlagwörter Information and Communication Technologies; Economic Growth; General Purpose Technologies; Complementarities; O33
Sprache Dokument Englisch
Publikationsjahr 2010
Seitenangabe 29 S.
Zeitschriftentitel Applied Economics (2010)
DOI http://dx.doi.org/10.1080/00036840903299805
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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