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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP6755 |
DP6755 Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data | |
Sergei Guriev; Konstantin Sonin; Anton Kolotilin | |
发表日期 | 2008-03-20 |
出版年 | 2008 |
语种 | 英语 |
摘要 | There is widespread agreement about the important role played by Information and Communication Technologies (ICTs) in the US productivity revival and in the evolving US-EU productivity gap. In Israel, the ICT sector grew very rapidly during the 1990s and became a hotbed of innovation and technological advance by worldwide standards. Yet, Israel's overall productivity growth remained sluggish, with traditional sectors both in manufacturing and services seemingly unable to benefit from the success of the ICT sector. The main goal of this paper is to shed light on these twin developments. We use newly constructed data on industry-level ICT investments between 1990 and 2003 and estimate production functions for manufacturing industries augmented to include ICT capital. We find a significant elasticity of value-added with respect to ICT capital, which increases considerably with the technological sophistication of the industry. We also find that ICT capital deepening is the most important factor contributing to value added growth in manufacturing during 1995-2000, before the burst of the dot.com bubble. Because most ICT capital is concentrated in high tech industries, growth in manufacturing has been mostly confined to the high-tech sector. Facilitating the adoption of ICT in traditional industries is therefore crucial to achieving economy-wide growth. The Israeli experience described here - although restricted to the manufacturing sector - provides a useful example of the benefits and limitations associated with a growth strategy centred on a local ICT producing sector, however successful it might be. |
主题 | Industrial Organization |
关键词 | Gpt Ict Productivity growth |
URL | https://cepr.org/publications/dp6755 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535591 |
推荐引用方式 GB/T 7714 | Sergei Guriev,Konstantin Sonin,Anton Kolotilin. DP6755 Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data. 2008. |
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