HIGH-TECH CAPITAL FORMATION AND ECONOMIC-PERFORMANCE IN US MANUFACTURING-INDUSTRIES - AN EXPLORATORY ANALYSIS

HIGH-TECH CAPITAL FORMATION AND ECONOMIC-PERFORMANCE IN US MANUFACTURING-INDUSTRIES - AN EXPLORATORY ANALYSIS
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DOI:
10.1016/0304-4076(94)01596-r
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发表时间:
1995-01-01
影响因子:
6.3
通讯作者:
MORRISON, CJ
MORRISON, CJ
中科院分区:
经济学2区
文献类型:
--
作者:
BERNDT, ER;MORRISON, CJ

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在降低成本和促进生产力增长方面,对“高科技”办公室和信息技术资本的投资在多大程度上“交付”?在本文中,我们探讨了1968年至1986年两位数制造业的高科技办公室和信息技术资本的行业绩效指标和投资之间的关系。我们发现有限的证据之间的正相关关系的盈利能力和高科技资本在总实物资本存量(OF/K)的份额。然而,我们发现,增加的OF/K是负相关的多要素生产率和倾向于劳动使用。我们还发现一些证据表明,高科技资本比例较高的行业具有较高的经济绩效指标,尽管在行业内增加OF/K似乎并不能提高经济绩效。
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 explore relationships between industry performance measures and investments in high-tech office and information technology capital for two-digit manufacturing industries from 1968 through 1986. We find limited evidence of a positive relationship between profitability and the share of high-tech capital in the total physical capital stock (OF/K). However, we find that increases in OF/K are negatively correlated with multi-factor productivity and tend to be labor-using. We also find some evidence that industries with a higher proportion of high-tech capital have higher measures of economic performance, although within industries increasing OF/K does not appear to improve economic performance.