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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
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