ICT and Economic Growth in EU: A macro Level Comparison of Estimated ICT Output Elasticities

IF 3 4区管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE

Journal of Global Information Technology Management Pub Date : 2022-07-03 DOI:10.1080/1097198X.2022.2094182

G. Tsachtsiris, Anastasios Magoutas, T. Papadogonas

引用次数: 2

Abstract

ABSTRACT This paper examines the impact of information and communication technology (ICT) investments on the economic growth of EU-27. Our work responds to the lack of sufficient number of econometric estimation studies at country level coupled with a large variation in ICT elasticity results. We estimate an augmented Cobb Douglas production function using panel data techniques based on a sample of 27 countries for the period 1996–2016. The results suggest a significant effect of ICT investments on GDP growth. Further comparisons are drawn with studies using similar databases and sample periods. The results also reveal that the estimated returns to ICT are three times higher than the ICT factor share. Having excluded several sources of potential excess returns, we conclude that omitted variables and possible complementarities between ICT and organizational capital could serve as a plausible explanation.

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信息通信技术与欧盟经济增长:估计信息通信技术产出弹性的宏观水平比较

摘要本文研究了信息通信技术(ICT)投资对欧盟27国经济增长的影响。我们的工作针对的是缺乏足够数量的国家层面计量经济学估计研究，以及ICT弹性结果的巨大差异。我们基于1996-2016年期间27个国家的样本，使用面板数据技术估计了增强型柯布道格拉斯生产函数。结果表明，信息通信技术投资对GDP增长有显著影响。与使用类似数据库和样本周期的研究进行进一步比较。结果还表明，ICT的估计回报是ICT要素份额的三倍。在排除了几个潜在超额回报的来源后，我们得出结论，遗漏的变量和信息通信技术与组织资本之间可能的互补性可以作为一个合理的解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Global Information Technology Management INFORMATION SCIENCE & LIBRARY SCIENCE-

CiteScore

4.10

自引率

10.00%

发文量

期刊介绍： The Journal of Global Information Technology Management (JGITM) is a refereed international journal that is supported by Global IT scholars from all over the world. JGITM publishes articles related to all aspects of the application of information technology for international business. The journal also considers a variety of methodological approaches and encourages manuscript submissions from authors all over the world, both from academia and industry. In addition, the journal will also include reviews of MIS books that have bearing on global aspects. Practitioner input will be specifically solicited from time-to-time in the form of invited columns or interviews. Besides quality work, at a minimum each submitted article should have the following three components: an MIS (Management Information Systems) topic, an international orientation (e.g., cross cultural studies or strong international implications), and evidence (e.g., survey data, case studies, secondary data, etc.). Articles in the Journal of Global Information Technology Management include, but are not limited to: -Cross-cultural IS studies -Frameworks/models for global information systems (GIS) -Development, evaluation and management of GIS -Information Resource Management -Electronic Commerce -Privacy & Security -Societal impacts of IT in developing countries -IT and Economic Development -IT Diffusion in developing countries -IT in Health Care -IT human resource issues -DSS/EIS/ES in international settings -Organizational and management structures for GIS -Transborder data flow issues -Supply Chain Management -Distributed global databases and networks -Cultural and societal impacts -Comparative studies of nations -Applications and case studies