ICT SPENDING AND INFLATION AT THE SECTORAL LEVEL

Louis Raffestin

Description

Niveau: Supérieur, Master

• dissertation


• mémoire

ICT SPENDING AND INFLATION AT THE SECTORAL LEVEL Présenté et soutenu par : Louis Ra?estin ? Sous la direction de Paul Zagamé le 7 Juin 2011 Université de Paris 1- UFR 02 Sciences Economiques-Economie internationale et mondialisation- Master 2 Recherche (Economie de la Mondialisation) Dissertation in part fulfillment for Masters Degree in M2R Economie de la Mondialization presented to the University of Paris 1-Pantheon Sorbonne 2010-2011 ? Contact: ra? 1 du m as -0 06 46 56 3, v er sio n 1 - 3 0 No v 20 11

• ict


• sciences economiques-economie


• mondialisation- master


• m2r economie de la mondialization presented


• productivity

Sujets

• Dissertation
• Mémoire
• Haddad
• Le Hir
• Université de Paris
• Productivity

Informations

• Publié par: dumas_ccsd
• Publié le: 01 juin 2011
• Nombre de lectures: 32
• Poids de l'ouvrage: 1 Mo

Extrait

ANDINFLATIONAlazationraestlTMastersTHEanSECTORALheLEVELpartPr?senEconomiet?theet2010-2011souten1unomieparDissertation:tLouisinRaestinlaSPENDINGtedofersitSousarislaSorbdirectionConded.iPhercaul(EcoZagam?deleMondialisation)7inJuinfulllmen2011forUnivDegreeersit?M2RdedePMondialiarispresen1-toUFRUniv02ySciencesPEconomiques-Economie1-PintheonternationaleonneICTetmondialisation-tact:Master@tc2eRec
dumas-00646563, version 1 - 30 Nov 2011DISCLAIMERL'universit?dececonsid?r?esauxPdoivarisleur1?misesP;antth?onpropreSorb2onneopinionsn'endanstendm?moiredonnerellesaucenu?trenecommeapprobation,?niauteurd?sapprobation
dumas-00646563, version 1 - 30 Nov 2011ACKNOWLEDGEMENTSdwpatienceIeciallyw3ouldougerstmlikhimehaltoot-onthankellmandygratitudesu,ptervisorwhosePrtoZagam?,yforyshisandusefulasgArnaudurolliHaddad.danceepofescourse;fambutsalsoyforandhisThanagopalcoortnmtagiousthisgoandohisdaspiritsspwhicadvicehhismade,itwaaspleasureFwyorkasingPierrewithMyhim.eIestwgoouldtoalsoylikilyeetopthankmtheparenErasmes;researcThannaletchycen,tersuppasalloaedwhole,eparticularlyfaceBoriscLelengeHirmanforothers.alw
dumas-00646563, version 1 - 30 Nov 2011AbstractThisdissertationcapital.pricetheattemptandsttitoeralesthatimate4thetheimpactevofwthInthferagesormationaccompanandeCommtheunicationforTtries:ecestihnologiesyincostsvandest-hmenectis(ICT)mooninpricevsettingeatelievtheestimationssectoralsuggestivlevcel.ofTindustriesheopapUSerWthereforeatllseectatgapofinsplitthetoliteratureolumesonoftincludingheindieect,newothereconomusingyya,ofwhicestmenhtaryhastssoit.farvide,foecusetodairlymainlythonandthevidenceeductiviteecttheofolutionICTpriceson24pinrwocounductivittheyandandNetherlands.weagmese.directWbeincludingdenheeolutionttotalwthenotingpinossiblepricescvhannels:groarateseacdirectfactorICToneThestemmingrfromttonheedhand,ecreacapturedsseving5costearsofvingICTvcapital,indicatorsandICTanvticomplemenndirectinestmencomingthatfromytheWproprodwuctivitwybgainse,thatbICTfproreliablevides.ofWeeeect,runndregressionseusingforpanelprodatayonhannel.ev
dumas-00646563, version 1 - 30 Nov 2011Contents..y1.In.tro.duction.7.2.ICT,PR.ODUCTIVIT.Y.AND.WtrolsA.GES:.A.REVIEW.OF21LITERA.TURE.8.2.1.ICT.and.pro24ductivit.y..................A.....22.....v.....Indirect.....tary.................RESUL........................8.2.1.1.AARIABLESglobalAoutloofok........the.........4.2.1.............t...........ts.........the.......................5.General..8.2.1.2.Ho.w.can27ICT.foster.pro.ductivit.y?....5.2.1...............................4.RESE.AND.A.Preliminary.sample................1Measurin0ducti2.2.ICT.and.w.ages..........i.tmen.....................23.v.....................4.2.3.v...................Measurin.price..........12.2.2.1.The.w.age4.4p.r.emiu.m.b.et.w.een.1980.and.2000......TION.27.h.......................Resu..................12.2.2.2.Discussing.the.realestimationcon.tribution.of.skil.l.biased.tec.hnical.c.hange..5............................13.2.2.3.Users.and.pro.d19ucersV.P.NT.TION.D.T.ASSESSMENT.4.1.description.the...................................4.2.g.ICT-pro.vit.eect................14.3.ICT.AND.INFLA.TIO.N.16.3.123DierenICTtnceshannelst...........................................4.2.2.in.estmen.........................................231Complemen6in3.1.1estmenT.ec.hnological.c.hange.eect..........................4.3.g.ICT.eect.....................................2516Con3.1.2.ICT.as.a.regular.input........................................26.ESTIMA.AND.TS.5.1.approac........................17.3.1.3.ICT.s.p.ecic.eects..........5.2.lts...................................................29.Direct..............18.3.2.Mo.del....................29.
dumas-00646563, version 1 - 30 Nov 20115.2.2InstrumentalvApp..ariable37estimation..............44.App.........eect.....a.....App.App.6.................Estimatin....31.5.2.3.An.apparenandt.p.uzzle......App.App.App.App.App...........When?.......................38.the.....................6.3.ossible.forw33.5.3.Who.to.tru.st?.An.in.v.estigationConclusionbasedAonB3CrobustnessDcEhecFksG.H.I.....................6.1.2..............35.6.LIMITS,.FUR.THER.ANAL.YSIS,.AND.POSSIBLE.EXTENSIONS.37.6.1.Pro.ductivit.y.eect:.who.an6.2dgwhen?price.........................................39.Limits.p.w.ys.ard................37.6.1.1.Who?................7.46.endix.52.endix.53.endix.56.endix.57.endix.58.endix.59.endix.60.endix.61.endix.62.
dumas-00646563, version 1 - 30 Nov 20111IntrosconsideeenductionaInrathespoeecFinallyhutoICTthepricfevderalourbpresenoresultsarpricedoutputinto1996,strengthAlantsGreenspanstemsfamouslyservices,describorganizedeydICTthewithemergenceinofiiproblemsnfoformcatlimitationsithatonwithandthcommstepunicationandtecductivithnologiespapashanneladucers'viousoncegooharpaptws:wiceliteratureininaiscendepressingturySection,ofatbmostmotheevdenoft.willManonyductivitanalystsprosharedanalysisGreenspan`sainthatteresteinotentheasextenttThisofinICT`seimpactwonthetheofeconomthisyeect,ination.particalsoularlyanotherwithetrespandectwhictotheproinductivitofydsandhweages.costs.Itrsfole1emsewsthatproawconsensustohaswhetheremergedelyregardinghadproonductivitostsystartgainsin-depthfromtICT,menwhicincludinghastartedSectiontoourbaeusfelcreated,tofimethonSectionthtecusingsecondppartofthetion90'sadditionalfks,oourreect,someofcounourtries;7horwdepvtialerwtherisingrcurreneoistput.onlydissertation,suggestivus,etendsevidencetakthatoneICTtomaaydshaformalizationvtestingetheimpactedofwproages,ynotablyofthatonofTheskilleredaccounwfororkcers.bOnewareaICTthatprohasprices,bheenfromsurprisinglyobleftdecreaseoutthebesyICTresearcohersandiswhicICT'sshouldeectvonimpactedpricrms'es,ThealthoughevirtuallyisallasresearcloherssectionseemretoitaktheeonitductivitforandgranagestedorderthataICTsesshasithadlikathatstronghasdeationaryaeeimpactct.labThiscb.elief2issalsoanldicussioniktheelywtoeectshationed,veforeethemmotivtoatedtheoreticalGreenspan'sdel.stance3ontsmonetarydataset,pvolicryablesbeetorwandeendiscussion1995someandthe2001,dologicalafaced.p4eriopresendourthroughoutfowhicmainlyhtheheerformancekoureptproinyteresteect.ratesSeclo5wvidesdespiterobustnessahecbfurtheroofomingeconomy;andwhicdiscussionhtheimpliofesestimations.he
dumas-00646563, version 1 - 30 Nov 20112ICT,PRODUCTIVITYgroandoutANDbWwA(2001)GES:orldAexcludingREVIEWEUOFmethologiLITERAhicTUREessen2.1inICTIndeed,andoutsideprovductiviteteypro2.1.1(2004)AbasedglobaltheoutlournsokfactorRobimpacertheterogeneitSolothew'stfamousthobservyationAustralia,thattheinye,ouratecantoseentherecomputerrm-levawthgeimplicevfunctionserywherehnologicalbutconstaninandtheproxyductivitresultsyapitalstatis-disregardsticsductioncoun(1987)restcvouldwnsomewhattedsimplisticallyabICTeseeninastriestheendersstartingypcusedoinwtorofarkthetheaccumandulationkofrvwthastyliteratureothon1theofimpactt.ofgrounds,ICTtingosevnassumptionstheproeconomhythat.hangeTheneutral,reSoloscalew2001).paradothatxusetoreoutputmainedassumesunouttiloflandtheaccounstartlargeofinthecnewgivmillenium.wheretonewtheeevdiiasdgureepncebemerged,OECDptoinwtingproatfoundacondencepUSositivNeweNordicrelationshipthebICTethworeAnalystsenparticularlyICTthespbendingtheandEU.gronswthVinLucthearguedU.S.w(Stiroh,ICT2002;inJorgenson,as2003).elemenNlargeumerousncessubsequenytedslasttudiebsenidenFigtiedprotheD.shiftainliteraturethestudtrend8ofcalprogroductivitaccounyisaroundontheeralmid-90's.itMostabofthetheseductionstudiessucusedasafactgrotecwthcaccounistingksapproacorhtintwhictoh(CraftstheO'Mahon,groStirohwthaddsofthatoutputtheisofequatedsharestoprotheforgroelasticitieswthtiallyoftheeacabhtheinputtwceightedthatbwthytingitstheincomesectoralshare,yplusproafunresidualtionstermaservingenwhictryhExtendingisanalysisttheypicallyofinwterpretedwasndaeryproerenxypatterns,forshototalinfactor1.proasductivitoinyout(TFP).yTheseemacro(2003),ecsignicanonomicrelationshipstudiesetcameeenasandaductivitconrmationisofwithanreasonableteriorrmthelevnamelyelCanada,studiesZealand,whicthehcounhadandalreadyNetherlandshighlighbigtedspthesuclinkasbUKetGermanw.eenhaICTeandfoproonductivitdierenceyimpacts1et.eenHoUSwtheevFerithistancmaBartyannotorbSoe(2010)asthatcslolear-cut.erGordonof(2000,adoption2002)diusionarguesthethatwtheariseeyintprotheductivitdieyeofintheductivit90'sgrowobservasiabtheo15vearseetalleabcyclicalregions.phenomenonureecting2avidesfaseevPilatorableformacroreviewetheconomiconenelvironmeniesOn
dumas-00646563, version 1 - 30 Nov 2011Figure1:ICT's60-IndustrytermediationGroCon9tributionthetoelopmenEconomicrGrialomostwthSource:source:andITUCenadaptedOctobfromandJorgensonnancandinVexplainuof(2005)gapFigureGroningnen2:wthWDevholtesaletre,andDatabaseretailetrade2005
dumas-00646563, version 1 - 30 Nov 2011strongevidenceinfainnoand(1995)vRoborevofmanthisfromviewcboryvhighlighetingtheytheyprepproowthnddeincludesrousmorepartthispla[..yGPT:edtobareyvtarewootheirveery(2002)ICT-inintensivhighegrosectors:thewholesalesinceandelyretailthantrade,andcapitalnancialdiereninandtermediation.cEuropareehehasusedrindustries.eacenbtlylyrenetcognizeddoitstiateneedinput,towithencreaseBartitsRobcompproetitivTheirenessthebexpyductivitbtotalecomiwngethelargermostamoundynamiccomplemenknotheywledgeweconomerfulyproinfromtheapproacwoforld.rThescarcBwardicc10elonathreeobforjectiv,e,ervinthatwhicarehetheinputsEUdomem,bhnologicallyerthatstatesableraisefurtherton.hetheyirationR&DasintotensitproyR&Dandindustries.expiendituresprotoas3%studiesbbythethesectorendooffor2010an(ErasmeInklaar2006),McGucwlabasyseaceareen1.asprothesectormeanvtoouracgrohieverenceseductivitthis.bThetheabEUoprimarilyvucesector.discussionaimpliesofthatisanothertowwhicainyIntoICTtoocloseanthisangapHobtheethwtryeenonthetheregionsregularweningouldibiseasthroughbaccruedtheseinisvlestmenjecttergidenenmainICT,haracteristicsandagreaterrstlyeortstheyinpdiusingasivitinquictklyy.able2.1.2bHwidelyoaswincanyICTwnstreamfosterSecondlyprotheyductivittecy?dynWhmic,yis,sucarehtodierences?eTheimproanswederFinalto,thisarequestionvreq