Revisiting the productivity paradox: A semiparametric smooth coefficient approach based on evidence from Taiwan

Ting Kun Liu; Jong Rong Chen; Cliff J. Huang; Chih Hai Yang

doi:10.1016/j.techfore.2013.04.007

Revisiting the productivity paradox: A semiparametric smooth coefficient approach based on evidence from Taiwan

Ting Kun Liu, Jong Rong Chen, Cliff J. Huang, Chih Hai Yang

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

This paper explores the issue of whether investment in information technology (IT) will bring about the Solow productivity paradox. The semiparametric smooth coefficient approach is applied to implement estimations considering how the non-neutral impact of IT might affect labor productivity and thus contribute to productivity. The empirical results are obtained employing firm-level manufacturing data from Taiwan to show that IT investment has as a significantly positive influence on productivity. Specifically, IT exhibits a significant spillover impact on promoting labor productivity in general, particularly for larger and more IT deepened firms.

Original language	English
Pages (from-to)	300-308
Number of pages	9
Journal	Technological Forecasting and Social Change
Volume	81
Issue number	1
DOIs	https://doi.org/10.1016/j.techfore.2013.04.007
State	Published - Jan 2014

Keywords

Information technology
Semi-parametric smooth coefficient model
Spillover

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10.1016/j.techfore.2013.04.007

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abstract = "This paper explores the issue of whether investment in information technology (IT) will bring about the Solow productivity paradox. The semiparametric smooth coefficient approach is applied to implement estimations considering how the non-neutral impact of IT might affect labor productivity and thus contribute to productivity. The empirical results are obtained employing firm-level manufacturing data from Taiwan to show that IT investment has as a significantly positive influence on productivity. Specifically, IT exhibits a significant spillover impact on promoting labor productivity in general, particularly for larger and more IT deepened firms.",

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AB - This paper explores the issue of whether investment in information technology (IT) will bring about the Solow productivity paradox. The semiparametric smooth coefficient approach is applied to implement estimations considering how the non-neutral impact of IT might affect labor productivity and thus contribute to productivity. The empirical results are obtained employing firm-level manufacturing data from Taiwan to show that IT investment has as a significantly positive influence on productivity. Specifically, IT exhibits a significant spillover impact on promoting labor productivity in general, particularly for larger and more IT deepened firms.

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Revisiting the productivity paradox: A semiparametric smooth coefficient approach based on evidence from Taiwan

Abstract

Keywords

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