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Investments In Information Technology: Indirect Effects And Information Technology Intensity

机译:信息技术投资:间接影响和信息技术强度

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Many studies measure the value of information technology (IT) by focusing on how much value is added rather than on the mechanisms that drive value addition. We argue that value from IT arises not only directly through changes in the factor input mix but also indirectly through IT-enabled augmentation of non-IT inputs and changes in the underlying production technology. We develop an augmented form of the Cobb-Douglas production function to separate and measure different productivity-enhancing effects of IT. Using industry-level data from the manufacturing sector, we find evidence that both direct and indirect effects of IT are significant. Partitioning industries into IT-intensive and non-IT-intensive, we find that the indirect effects of IT predominate in the IT-intensive sector. In contrast, the direct effects of IT predominate in the non-IT intensive sector. These results indicate structural differences in the role of IT in production between industries that are IT-intensive and those that are not. The implication for decision-makers is that for IT-intensive industries the gains from IT come primarily through indirect effects such as the augmentation of non-IT capital and labor.
机译:许多研究通过关注增加多少价值而不是驱动增加价值的机制来衡量信息技术(IT)的价值。我们认为,IT的价值不仅直接通过要素投入组合的变化而产生,而且还通过IT支持的非IT投入的增加和基础生产技术的变化而间接地产生。我们开发了Cobb-Douglas生产函数的增强形式,以分离和度量IT的不同生产率提高效果。使用来自制造业的行业级数据,我们发现有证据表明,IT的直接和间接影响都很大。将行业分为IT密集型和非IT密集型,我们发现IT的间接影响在IT密集型部门中占主导地位。相反,IT的直接影响在非IT密集型部门中占主导地位。这些结果表明,IT密集型行业与非IT密集型行业之间在生产中IT角色的结构差异。对于决策者而言,这意味着对于IT密集型行业而言,IT的收益主要来自间接影响,例如非IT资本和劳动力的增加。

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