ICT Capital Formation, Unemployment, and the Solow Paradox

Emmanuel Apergis; Nicholas Apergis; James W, Saunoris

doi:10.1080/13571516.2022.2154490

ICT Capital Formation, Unemployment, and the Solow Paradox

Emmanuel Apergis, Nicholas Apergis, James W, Saunoris

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

Abstract

This study explores the impact of ICT on unemployment and labour productivity. Using a time-varying modelling approach, quarterly US data from 1972 to 2020 estimate the relationships between unemployment and ICT capital investments. The results highlight that ICT capital investments reduce unemployment and increase labour productivity, showing no evidence supporting the Solow Paradox. The mechanisms behind the relationship between ICT and enhanced labour productivity are identified by Data Envelopment Analysis (DEA) and include improved access to information and an improvement in the labour structure.

Original language	English
Pages (from-to)	79-105
Number of pages	27
Journal	International Journal of the Economics of Business
Volume	30
Issue number	1
Early online date	9 Dec 2022
DOIs	https://doi.org/10.1080/13571516.2022.2154490
Publication status	Published - 1 Apr 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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ICT Capital Formation, Unemployment, and the Solow Paradox

Abstract

UN SDGs

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