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on Information and Communication Technologies |
| By: | Benjamin David |
| Abstract: | This paper analyses the role of Information and Communication Technologies (ICT) on the job market polarization. We rely on an evolutionary framework by applying a “distance from mean approach”. Using data for 8 industrialized economies, we account for probable heterogeneous and timevarying effects through the estimation of a semi parametric smooth coefficient model. Our results show a significant contribution of ICT on polarization dynamics with some differences between countries and industries. We also find evidence that diffusion of ICT is initially accompanied by a Skill Bias Technological Change (SBTC), then contributing to job market polarization. Finally, our findings highlight a progressive weakening of the positive link between ICT diffusion and the increasing demand for high-skilled workers over time. |
| Keywords: | ICT, Evolutionary economics, Polarization of labor market, Semiparametric Smooth Coefficient Model. |
| JEL: | C14 E11 J21 O33 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:drm:wpaper:2014-25&r=ict |
| By: | Bernardo Maggi (Sapienza Universita' di Roma) |
| Abstract: | In this paper we present an analysis of the OECD production process and consider the ICT as driver of growth. In doing so the production function approach adopted underlines the externalities exploited or not and, possibly, when the production process overpasses the countries capacities implied by the technical parameters. In line with the general purpose theory such externalities are attributed to ICT. Business services are relevant as a vehicle to better exploit the innovative capital embedded in the production process. We develop and implement a methodology for the evaluation of the different effects on growth related to ICT. Our main conclusion is that even if a competitive solution is viable there are possible, though small, margins for a sustained growth in the long run for the OECD countries considered. We also point out some conclusions on the capital and labour shares showing that the latter is too small both in the long and short run. |
| Keywords: | Growth and externalities, ICT, Technology, Business Services, Panel Data Econometrics |
| JEL: | C33 O11 O47 D62 |
| Date: | 2014–05 |
| URL: | http://d.repec.org/n?u=RePEc:sas:wpaper:20144&r=ict |