- Home
- Publications
- ICT As A General Purpose Technology: Spillovers, Absorptive Capacity And Productivity Performance
ICT as a general purpose technology: spillovers, absorptive capacity and productivity performance
Related Themes
Productivity, Trade, and Regional EconomiesPaper Category Number
416
We analyse the impact of ICT spillovers on productivity using company data for the U.S. We account for inter- and intra-industry spillovers and assess the role played by firm’s absorptive capacity. Our results show that intra-industry ICT spillovers have a contemporaneous negative effect that turns positive 5 years after the initial investment. For inter-industry spillovers both contemporaneous and lagged effects are positive and significant. In the short run, companies’ innovative effort is complementary to ICT spillovers, but such complementarity disappears with the more pervasive adoption and diffusion of the technology.
Related Blog Posts
Exploring the Data on UK Productivity Performance
Issam Samiri
Stephen Millard
11 Dec 2023
4 min read
UK Investment Past and Prospects: A Framework for Analysis
Catherine Mann
01 Dec 2023
6 min read
Where Are We With Regional Inequalities in the UK?
Adrian Pabst
Jagjit S. Chadha
01 Nov 2023
5 min read
Related Projects
Related News
Related Publications
The Nature of the Inflationary Surprise in Europe and the USA
21 Mar 2024
Discussion Papers
Productivity and Investment: Time to Manage the Project of Renewal
12 Mar 2024
UK Productivity Commission