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The determinants of investment in information and communication technologies

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  • P. Guerrieri
  • M. Luciani
  • V. Meliciani

Abstract

In this paper, we assess the determinants of information and communication technology (ICT) investment at the macro-level, for a panel of 10 advanced countries, in the period 1992-2005. We investigate the idea that, since ICTs are general purpose technologies, the decision to invest in these technologies is strongly affected by the general business environment in which the investment takes place. The empirical results are consistent with this idea: facilitating factors such as changes in market regulation, amount of human capital, expenditure on R&D, and the share of the dynamic services sector in the economy, positively influence investment in ICT.

Suggested Citation

  • P. Guerrieri & M. Luciani & V. Meliciani, 2011. "The determinants of investment in information and communication technologies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(4), pages 387-403.
    • Handle: RePEc:taf:ecinnt:v:20:y:2011:i:4:p:387-403
    DOI: 10.1080/10438599.2010.526313
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    More about this item

    Keywords

    information and communication technologies; general purpose technologies; structural change; human capital; regulation;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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