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
中科院分区:
文献类型:
--
作者:
BERNDT, ER;MORRISON, CJ
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.