Information Technology and the U.S. Economy

Jorgenson, Dale W.

doi:10.2139/ssrn.257536

Cited by 146 publications

(180 citation statements)

References 58 publications

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“…For example, since 2000, the rate of technological change in the microprocessor industry has slowed (Flamm, ). By combining our depreciation pattern with the evidence of a slower pace of productivity growth in the semiconductor industry after 2000 (Jorgenson et al ., ), we find that our result supports Jorgenson’s hypothesis () that the increase in the pace of technological change in this sector is positively related to faster productivity growth.…”

Section: Estimation With Time‐varying Randd Depreciation Ratessupporting

confidence: 89%

Depreciation of Business R&D Capital

Hall

2018

Review of Income and Wealth

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We develop a forward‐looking profit model to estimate the depreciation rates of business R&D capital. By using U.S. government data between 1987 and 2007, and the newly developed model, we estimate both constant and time‐varying industry‐specific R&D depreciation rates. The results comprise a set of R&D depreciation rates for major U.S. high‐tech industries. They align with the main conclusions from recent studies that the rates are in general higher than the traditionally assumed 15 percent and vary across industries. The relative ranking of the constant R&D depreciation rates among industries is consistent with industry observations and the industry‐specific time‐varying rates are informative about the dynamics of technological change and the levels of competition across industries. Lastly, we also present a cross‐country comparison of the R&D depreciation rates between the U.S. and Japan, and find that the results reflect the relative technological competitiveness in key industries.

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Section: Estimation With Time‐varying Randd Depreciation Ratessupporting

confidence: 89%

Depreciation of Business R&D Capital

Hall

2018

Review of Income and Wealth

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“…Even within the IT sector, however, patents could nonetheless reduce information gaps with private equity providers long before funds are sought by a subset of successful ventures in public equity markets. Examining these issues within semiconductors—the technological backbone of the IT sector (Jorgenson, )—enables us to build on and extend this prior research.…”

Section: Methodsmentioning

confidence: 99%

Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents

Hsu

Ziedonis

2013

Strategic Management Journal

460

314

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Why and how do resources provide sources of competitive advantage? This study sheds new light on this central question of resource-based theory by allowing a single resource-entrepreneurial-firm patents-to play distinctive roles in different competitive arenas. As rights to exclude others, patents serve a well-known role as legal safeguards in product markets. As quality signals, patents also could improve access and the terms of trade in factor input markets. Based on the financing activities of 370 venture-backed semiconductor startups, we provide new evidence that patents confer dual advantages in strategic factor markets, improved access and terms of trade, above and beyond their added product-market protection. The study has important implications for empirical tests of resource-based theory and the measurement of resource value.

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“…These countries with high level of general competitiveness ground their competitiveness on considerably developing ICT services and ICT applications which, directly or indirectly, transform into remaining economic sectors (Doucek, Nedomová, 2011). There were demonstrated positive relations between ICT sector and macroeconomic (aggregate) competitiveness level of the country (see for example Jorgenson, 2001or Venturini, 2008.…”

Section: Sector Of Information and Communication Technologymentioning

confidence: 99%

Ict Sector in Regions of the Czech Republic in Years 1995 - 2012

Turečková¹

2014

AAK

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This article is focusing on analysis of sector of information and communication technology in the Czech Republic between years 1995 and 2012. Branch of information and communication technology is one of the most important economic activities because of potential for further growth of output performance and productivity. In this short study development of information and communication sector during the selected 18 years in aggregate economic levels is described through performance measured by gross value added, sectoral employment and also sectoral productivity. Emphasis is placed on developing information and communication technologies in selected 14 regions of the Czech Republic. The main aim is to find the regions which are concentrated economic activities related to information and communication technology in and to evaluate their success in interregional comparisons. It was found out that the overwhelming majority of economic activities associated with information and communication technology is concentrated in four -five regions of the Czech Republic and the regional disparities in the area of this economic branch have tendency to deepen.

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Information Technology and the U.S. Economy

Cited by 146 publications

References 58 publications

Depreciation of Business R&D Capital

Depreciation of Business R&D Capital

Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents

Ict Sector in Regions of the Czech Republic in Years 1995 - 2012

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