Measuring information as an expanding resource: Information production and its TFP-information absorption ecosystem “multiplier”

IF 5.9 2区 管理学 Q1 COMMUNICATION
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引用次数: 0

Abstract

Indices to measure the extent and penetration of information in an economy are static measures. Information, however, is a dynamic, expanding resource. Information is produced when data from digital computers articulate with human-generated systems where they are transformed into information. Economic information is effective when it fuels technological innovations contributing to total factor productivity (TFP) growth. This paper develops a theoretical model to measure effective economic information (EEI) as a dynamic process. Using systemic design thinking, design systems in data value chains are embedded within their TFP-information absorption ecosystem. The system's characteristics of human capital, economic, institutional, and regulatory factors determine the quality and amount of EEI produced. The EEI measurement model uses differential equations allowing for the dynamic expansion of information to include information-knowledge spillovers. Empirical tests for EEI on TFP for EU countries show that EEI is the key driver for TFP growth, while IT investment alone is only a necessary condition. EEI-type measures direct policy attention towards improving TFP-information absorption ecosystems and supporting the adaption of design processes that are more suitable for their TFP-information absorption ecosystems. Both are necessary to connect IT investment to TFP growth.

将信息作为一种不断扩大的资源来衡量:信息生产及其全要素生产率--信息吸收生态系统 "乘数"
衡量一个经济体中信息程度和渗透率的指数是静态的。然而,信息是一种动态的、不断扩大的资源。当来自数字计算机的数据与人类生成的系统衔接并转化为信息时,信息就产生了。当经济信息推动技术创新,促进全要素生产率(TFP)增长时,它就是有效的。本文建立了一个理论模型来衡量作为动态过程的有效经济信息(EEI)。利用系统设计思维,将数据价值链中的设计系统嵌入其全要素生产率-信息吸收生态系统中。该系统的人力资本、经济、制度和监管因素的特征决定了所产生的 EEI 的质量和数量。EEI 测量模型使用微分方程,允许信息的动态扩展,包括信息-知识溢出效应。对欧盟国家全要素生产率的 EEI 经验测试表明,EEI 是全要素生产率增长的关键驱动力,而 IT 投资本身只是一个必要条件。EEI 类措施引导政策关注改善全要素生产率--信息吸收生态系统,并支持调整设计流程,使其更适合全要素生产率--信息吸收生态系统。两者都是将信息技术投资与全要素生产率增长联系起来的必要条件。
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来源期刊
Telecommunications Policy
Telecommunications Policy 工程技术-电信学
CiteScore
10.80
自引率
12.50%
发文量
122
审稿时长
38 days
期刊介绍: Telecommunications Policy is concerned with the impact of digitalization in the economy and society. The journal is multidisciplinary, encompassing conceptual, theoretical and empirical studies, quantitative as well as qualitative. The scope includes policy, regulation, and governance; big data, artificial intelligence and data science; new and traditional sectors encompassing new media and the platform economy; management, entrepreneurship, innovation and use. Contributions may explore these topics at national, regional and international levels, including issues confronting both developed and developing countries. The papers accepted by the journal meet high standards of analytical rigor and policy relevance.
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