全球智库信息集成服务系统(G2TT): DP6755 Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data

G2TT

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.