An open access repository of Middlesex University research http://eprints.mdx.ac.uk Pieri, Fabio, Vecchi, Michela and Venturini, Francesco (2017) Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Working Paper. Universita' degli Studi di Trento.
Published version (with publisher's formatting)This version is available at: http://eprints.mdx.ac.uk/23043/
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AbstractThis study explores the channels through which technological investments affect productivity performance of industrialized economies. Using a Stochastic Frontier Model (SFM) we estimate the productivity effects of R&D and ICT for a large sample of OECD industries between 1973 and 2007, identifying four channels of transmission: input accumulation, technological change, technical efficiency and spillovers. Our results show that ICT has been particularly effective in reducing production inefficiency and in generating inter-industry spillovers, while R&D has raised the rate of technical change and favoured knowledge spillovers within...
