Substitutability and Accumulation of Information Technology Capital in U.S. Industries.
The substitution toward information technology (IT) capital fueled by the rapid decline in IT prices is regarded as an important source of U.S. economic growth. Using data on 41 U.S. industries for the period from 1984 to 1999, this article examines the degree of substitutability between IT capital...
| Publicado en: | Southern Economic Journal Vol. 72; no. 4; pp. 1002 - 1016 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2006
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=20652477&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 20652477 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Apr2006 vid: 72 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 20652477 10.2307/20111865 ppf: 1002 ppct: 14 formats: fmt: @attributes: type: P size: 877KB tig: atl: Substitutability and Accumulation of Information Technology Capital in U.S. Industries. aug: au: Hyunbae Chun Sung-Bae Munt affil: Department of Economics, Queens College, City University of New York, 65-30 Kissena Boulevard, Flushing, NY 11367 USA IT Industry Division, Korea Information Strategy Development Institute, 1-1 Juam-dong, Kwachun, Kyunggi-do, 427-7 10, Korea su: United States Information technology Economic development Capitalism Capital investments Internet industry sug: subj: Information technology Economic development Capitalism United States Internet Publishing and Broadcasting and Web Search Portals Capital investments Internet industry ab: The substitution toward information technology (IT) capital fueled by the rapid decline in IT prices is regarded as an important source of U.S. economic growth. Using data on 41 U.S. industries for the period from 1984 to 1999, this article examines the degree of substitutability between IT capital and other inputs and quantifies the contribution of IT substitution to the accumulation of IT capital per hour worked. Estimates of various elasticities of substitution indicate that IT capital and other factors of production are substitutes. In particular, the substitution of IT capital for other inputs is salient in the industries with less IT capital. Among the sources of IT capital deepening, IT substitution accounts for about 60% of growth in IT capital per hour worked. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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