ICT Capital Formation, Unemployment, and the Solow Paradox

IF 1.9 Q3 BUSINESS

International Journal of the Economics of Business Pub Date : 2022-12-09 DOI:10.1080/13571516.2022.2154490

E. Apergis, N. Apergis, James W. Saunoris

引用次数: 0

Abstract

Abstract This study explores the impact of ICT on unemployment and labour productivity. Using a time-varying modelling approach, quarterly US data from 1972 to 2020 estimate the relationships between unemployment and ICT capital investments. The results highlight that ICT capital investments reduce unemployment and increase labour productivity, showing no evidence supporting the Solow Paradox. The mechanisms behind the relationship between ICT and enhanced labour productivity are identified by Data Envelopment Analysis (DEA) and include improved access to information and an improvement in the labour structure.

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信息通信技术资本形成、失业和索洛悖论

摘要本研究探讨了信息通信技术对失业和劳动生产率的影响。利用时变建模方法，从1972年到2020年的美国季度数据估计了失业与ICT资本投资之间的关系。结果表明，信息通信技术资本投资降低了失业率，提高了劳动生产率，没有证据支持索洛悖论。数据包络分析(DEA)确定了信息和通信技术与提高劳动生产率之间关系背后的机制，包括改善获取信息的机会和改善劳动结构。

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

International Journal of the Economics of Business BUSINESS-

CiteScore

2.60

自引率

8.30%

发文量

期刊介绍： International Journal of the Economics of Business presents original, peer reviewed research in economics that is clearly applicable to business or related public policy problems or issues. The term "business" is used in its widest sense to encompass both public and private sector—governmental, private non-profit and cooperative organizations, as well as profit-seeking enterprises. International Journal of the Economics of Business carries papers relating to three main spheres: The organization—to analyse and aid decision making and the internal organization of the business; The industry—to analyse how businesses interact and evolve within and across industries.