Productivity and Computers in Canadian Banking

Parsons, Darrell; Gotlieb, C. C.; Denny, Michael

doi:10.1007/978-94-011-2200-9_7

Cited by 16 publications

(26 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Also, Parsons et al (1993) estimate a cost function using data from a single large Canadian bank between 1974 and 1987 finding a weak but significant correlation between productivity growth and the use of computers. Finally, Alpar and Kim (1990) explore the impact of ICT on the production of bank services finding that technology is cost saving, labour saving and capital using.…”

Section: Financial Technology and Bank Performancementioning

confidence: 99%

The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

2017

View full text Add to dashboard Cite

We examine the impact on bank performance of the adoption of SWIFT, a network-based technological infrastructure for worldwide interbank telecommunication. We construct a new longitudinal dataset of 6,848 banks in 29 countries in Europe and the Americas with the full history of adoption since SWIFT's initial operations in 1977. Our results suggest that the adoption of SWIFT (i) has large effects on profitability in the long-term; (ii) is greater for small than for large banks; and (iii) exhibits significant network effects on performance. We use an in-depth field study to better understand the mechanisms underlying the effects on profitability.

show abstract

Section: Financial Technology and Bank Performancementioning

confidence: 99%

The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

2017

View full text Add to dashboard Cite

show abstract

“…Parsons et al (1990) argued that Canadian banks did not reap good benefits from their ICT capital investments. Similar findings were reported by Morrison (1997) whom reported insignificant relationship between ICT and economic growth of the US firms.…”

Section: The Impact Of Ict On Economic Growth: a Reviewmentioning

confidence: 99%

Whose ICT Investment Matters to Economic Growth: Private or Public? The Malaysian Perspective

Kuppusamy¹,

Raman

Lee³

2009

E J Info Sys Dev Countries

View full text Add to dashboard Cite

Theoretical and empirical research on the economic benefits of ICT is represented in academic and policy-related publications worldwide. Most of these studies assess the impact of ICT in countries as a cohort and most conclude that ICT is indeed a key driver for economic growth. Nevertheless, we are of the opinion that there is room for more research on this issue, especially pertaining to developing countries such as Malaysia, in light of the extensive ICT-based investments undertaken by the country in recent years. Consequently, we examined the effect of ICT investment carried out by both the private and public sector on Malaysia's economic growth over the period 1992 -2006 using the ARDL econometrics approach. The empirical results suggest that ICT has had a significant impact on Malaysia's economic growth during this period of time, suggesting good payoffs from the investment. Specifically, ICT investments made by the private sector seem to have contributed significantly to the country's growth compared to investments made by the government. This implies that the private sector has adapted well to the various ICT-based policies implemented in the country over the years. This also shows that Malaysia's economy is being driven by the private sector, especially by the manufacturing and wholesale industries. We are however of the opinion that in order to sustain economic growth leveraged against ICT, more concerted efforts need to be made in order to escalate ICT diffusion in the country. Such initiatives will ensure that the value potential of ICT investments in the economy is maximized, due to greater ICT-enabled community that will translate to escalated economic growth.

show abstract

“…Also see Bresnahan [1986], Dudley-Lasserre [1989], Jonscher [1987], Morrison-Berndt [1991], Parsons et al [1990] and Osterman [1986]. The effects of a more general notion of high-tech capital are examined by Bregman, Fuss and Regev [1991].…”

Section: Footnotesmentioning

confidence: 99%

High-tech capital formation and economic performance in U.S. manufacturing industries An exploratory analysis

Berndt¹,

Morrison

1995

Journal of Econometrics

239

131

View full text Add to dashboard Cite

To what extent have investments in "high-tech" office and information technology capital "delivered" in terms of reducing costs and facilitating productivity growth? In this paper we report results of an exploratory effort examining relationships between investments in high-tech office and information technology capital (OF) and alternative industry performance measures such as labor and multifactor productivity, gross returns to capital, real ex post internal rates of return, and markups over variable costs.Our data is at the two-digit manufacturing level of detail, annual from 1968 through 1986. The capital data on high-tech investment and capital is taken from the capital stock study published by the US Bureau of Economic Analysis, which in turn is based on BEA capital flow tables, input-output tables, and data from the Census and Annual Survey of Manufactures. The hightech OF capital data is a Divisia quantity index comprising office, computing and accounting machinery, communications equipment, scientific and engineering instruments, and photocopy and related equipment.Our principal findings are as follows. We find only very limited evidence indicating a positive correlation between industry profitability and OF/K, the share of OF capital in the total physical capital stock. However, when we employ industry-specific output deflators, results change considerably. For example, in terms of multifactor productivity (MFP) growth, we find that increases in OF/K are negatively correlated with growth in MFP; furthermore, rather than being aggregate labor-saving, increases in OF/K tend to be labor-using.

show abstract

Productivity and Computers in Canadian Banking

Cited by 16 publications

References 6 publications

The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

Whose ICT Investment Matters to Economic Growth: Private or Public? The Malaysian Perspective

High-tech capital formation and economic performance in U.S. manufacturing industries An exploratory analysis

Contact Info

Product

Resources

About