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2020-11-24 - Article/Dans un journal avec peer-review - Anglais - 18 page(s)

Dhyne Emmanuël , Konings Joep, Van den Bosch Jeroen, Vanormelingen Stijn, "The return on information technology: who benefits most ?" in Information Systems Research

  • Edition : Institute for Operations Research and the Management Sciences (United States)
  • Codes CREF : Microéconomie (DI4320)
  • Unités de recherche UMONS : Analyse économique du travail (W718)
  • Instituts UMONS : Institut de Recherche en Développement Humain et des Organisations (HumanOrg)
Texte intégral :

Abstract(s) :

(Anglais) This paper uses a new microdata set of business-to-business firm-level transactions in Belgium to construct a measure of information and communication technology (ICT) investment at the firm level, which we combine with the income statement of firms to analyze the impact of ICT on productivity. We find that a firm investing an additional euro in ICT increases value added by 1 euro and 35 cents on average. This marginal product of ICT investment increases with firm size and varies across sectors. Although we find substantial returns of ICT at the firm level, such returns are much lower at the aggregate level. This is due to underinvestment in ICT (ICT capital deepening is low) and misallocation of ICT investments.


Mots-clés :
  • (Anglais) information and communication technology
  • (Anglais) productivity
  • (Anglais) firm-level data
   
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