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Barriers to investment in ICT
Abstract
This paper studies the complementarity between investment in information and communication technologies (ICT) and the related investment in human and organizational capital. Using firm-level data taken from a large sample of Italian manufacturing firms, an ICT marginal product much higher than its user cost is estimated. It is then argued that missing complementary investments may have acted as barriers to investment in ICT. Results support the conjecture that the marginal product excess over the user cost is due to those firms that did not complement their ICT investment with an increase in the human capital of their labour force and with a reorganization of the workplace.
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Citations
Cited by
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Magri, S. (2009) · Economics of Innovation and New Technology · doi:10.1080/10438590701738016 · Cited by 409
Social Interactions in High School: Lessons from an Earthquake
Cipollone, P., & Rosolia, A. (2007) · American Economic Review · doi:10.1257/aer.97.3.948 · Cited by 310
What's Behind 'Inflation Perceptions'? A Survey-Based Analysis of Italian Consumers
Del Giovane, P., Fabiani, S., & Sabbatini, R. (2008) · SSRN Electronic Journal · doi:10.2139/ssrn.1105734 · Cited by 275
Sena, V., & Ozdemir, S. (2020) · Industrial Marketing Management · doi:10.1016/j.indmarman.2019.05.016 · Cited by 25
ICT as general purpose technologies: A micro-econometric investigation on Italian firms
Castiglione, C., & Infante, D. (2013) · International Journal of Trade and Global Markets · doi:10.1504/ijtgm.2013.054851 · Cited by 15
Metadata
- Authors
- Bugamelli, M., & Pagano *, P.
- Venue
- Applied Economics
- Publisher
- Informa UK Limited
- Published
- 2004-11
- Volume
- 36
- Issue
- 20
- Pages
- 2275-2286
- ISSN
- 0003-6846 (ISSN-L)
- 1466-4283
- OpenAlex
- W2021393784
- Cited by
- 203
- References
- 0
- FWCI
- 93.99
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
