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Journal Article Relationship between Telecommunications Investment and Total Factor Productivity (TFP): The Case of 29 OECD Countries
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Authors
Wanghun Seok, Chuhwan Park
Issue Date
2015-10
Citation
International Journal of Applied Engineering Research, v.10, no.19, pp.40513-40524
ISSN
0973-4562
Publisher
Research India Publications
Language
English
Type
Journal Article
Project Code
15ZE2100, 글로벌 ICT 선도를 위한 R&D 기획역량 제고, Ahn Choon Mo
Abstract
This study examines diverse production functions and total factor productivity (TFP) levels of 29 OECD countries by using regional data for the 2003-2013 period and related determinants. First, the relationship between TFP and capital and that between TFP and labor are negative (-). Second, communications equipment investment by type has a negative effect on TFP in which communications capital is considered by type, providing support for the productivity paradox. Third, imports have a negative (-) relationship with TFP, whereas the degree of openness has a positive (+) relationship. Finally, the Asian region has a positive effect on TFP, whereas the American region has the greatest negative effect.
KSP Keywords
Asian region, Communications equipment, Negative effects, OECD countries, Production functions, Productivity paradox, Total factor productivity