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Testing the effect of investments in IT and R&D on labour productivity: New method and evidence for Indian firms

机译:测试IT和R&D投资对劳动生产率的影响:印度公司的新方法和证据

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摘要

Utilizing a micro-level dataset of 900 firms for the period 2000-2016 from Indian manufacturing, this paper explores the effects of technological investments on labour productivity performance of firms by looking at investments in Information Technology (IT) and Research & Development (R&D). The present study is the first to assess the role of IT and R&D jointly for Indian manufacturing. To control for transmission bias in production function estimation, a GMM-based one step control function estimator is applied. We find large effects of both IT and R&D across various sub-samples. Further, our results imply that there is a complementarity between IT and R&D in generating labour productivity growth. (C) 2018 Elsevier B.V. All rights reserved.
机译:本文利用印度制造业2000-2016年期间900家公司的微观数据集,通过研究信息技术(IT)和研究与开发(R&D)的投资来探索技术投资对公司劳动生产率绩效的影响。 。本研究是第一个评估IT和R&D在印度制造业中共同作用的研究。为了控制生产函数估计中的传输偏差,应用了基于GMM的一步控制函数估计器。我们发现在各个子样本中,IT和R&D都产生了巨大影响。此外,我们的结果表明,IT和R&D在促进劳动生产率增长方面具有互补性。 (C)2018 Elsevier B.V.保留所有权利。

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