{"title":"Telecommunication capital and productivity growth: further insights using network characteristics and nonlinearities","authors":"","doi":"10.1007/s00181-024-02554-7","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>Recent literature gives emphasis on the services provided by telecommunication capital which might be subject to internal and external-networking effects, as well as costly irreversible investment pointing out to a more important and complicated effect from these services on productivity and growth. The objective of this paper is to model these effects using a production function framework, along with a newly constructed dataset. A TFP growth approach is employed taking into consideration all the above characteristics, and a smooth coefficient semiparametric model is used. From the analysis, we observe that the services of telecommunication capital depend on the level of telecommunication capital stock. There is a significant positive, but heterogeneous, relationship between telecommunication capital and country productivity. Even though the effect is positive, it diminishes with its level but increases with networking, captured by number of users. Also, telecommunication capital growth and its own effect appear to be raising income in all countries used in our sample, even those who experienced output reduction. These characteristics should be taken into consideration when new telecommunication investment policy is considered within a country.</p>","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"15 1","pages":""},"PeriodicalIF":1.9000,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Empirical Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s00181-024-02554-7","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Recent literature gives emphasis on the services provided by telecommunication capital which might be subject to internal and external-networking effects, as well as costly irreversible investment pointing out to a more important and complicated effect from these services on productivity and growth. The objective of this paper is to model these effects using a production function framework, along with a newly constructed dataset. A TFP growth approach is employed taking into consideration all the above characteristics, and a smooth coefficient semiparametric model is used. From the analysis, we observe that the services of telecommunication capital depend on the level of telecommunication capital stock. There is a significant positive, but heterogeneous, relationship between telecommunication capital and country productivity. Even though the effect is positive, it diminishes with its level but increases with networking, captured by number of users. Also, telecommunication capital growth and its own effect appear to be raising income in all countries used in our sample, even those who experienced output reduction. These characteristics should be taken into consideration when new telecommunication investment policy is considered within a country.
期刊介绍：
Empirical Economics publishes high quality papers using econometric or statistical methods to fill the gap between economic theory and observed data. Papers explore such topics as estimation of established relationships between economic variables, testing of hypotheses derived from economic theory, treatment effect estimation, policy evaluation, simulation, forecasting, as well as econometric methods and measurement. Empirical Economics emphasizes the replicability of empirical results. Replication studies of important results in the literature - both positive and negative results - may be published as short papers in Empirical Economics. Authors of all accepted papers and replications are required to submit all data and codes prior to publication (for more details, see: Instructions for Authors).The journal follows a single blind review procedure. In order to ensure the high quality of the journal and an efficient editorial process, a substantial number of submissions that have very poor chances of receiving positive reviews are routinely rejected without sending the papers for review.Officially cited as: Empir Econ
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