G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6755
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
URLhttps://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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