Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

The Effect of Human Capital on Output Growth in ICT Industries: Evidence from OECD Countries. ESRI WP184. March 2007

Murphy, Gavin and Traistaru-Siedschlag, Iulia (2007) The Effect of Human Capital on Output Growth in ICT Industries: Evidence from OECD Countries. ESRI WP184. March 2007. [Working Paper]

[img] PDF - Published Version
Download (208Kb)

    Abstract

    In this paper we analyse the effects of human capital in fostering output growth in ICT industries using data from a sample of twenty OECD countries over the period 1980-2002. We focus on within country between industry differences and estimate a system of simultaneous equations to account for simultaneous effects of human capital on physical investment and output growth. The results of our econometric analysis suggest that countries with a high human capital stock and high human capital improvement experienced faster output growth in ICT industries. Furthermore, we find that past country level educational attainment reflected in the human capital stock and human capital accumulation over the analysed period had a direct positive and significant effect on physical capital investment. In addition, we found that in countries with an ex-ante high human capital stock and in countries with high human capital accumulation, ICT producing manufacturing and ICT using services grew relatively faster.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > information technology policy
    Other international institutions > OECD
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 24 Sep 2018 14:43
    Number of Pages: 25
    Last Modified: 28 Feb 2020 09:36
    URI: http://aei.pitt.edu/id/eprint/87699

    Actions (login required)

    View Item

    Document Downloads