Article

Productivity and ICTs: A review of the evidence

Mirko Draca, Raffaella Sadun and John Van Reenen

in The Oxford Handbook of Information and Communication Technologies

Published in print February 2009 | ISBN: 9780199548798
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199548798.003.0005

Series: Oxford Handbooks in Business and Management C

 Productivity and ICTs: A review of the evidence

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This article offers a guided tour to some of the main aspects of ICTs and productivity. It discusses a neoclassical theoretical framework that has been extensively used (either explicitly or implicitly) by most of the studies we survey. It also considers extensions to these theoretical approaches. It details some of the econometric issues involved in estimating the productivity of ICT. This requires some consideration of the estimation of production functions, an area where there has been considerable econometric advance in recent years. It also discusses issues relating to the data, both ideal and actual. Finally, it discusses the results of the empirical studies covering both growth accounting and econometric approaches at the industry and firm level.

Keywords: ICTs; productivity; neoclassical theories; production function; growth accounting; empirical studies; econometrics

Article.  16212 words. 

Subjects: Business and Management ; Knowledge Management

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