The Paradox of Productivity and Transmission Mechanism of Productivity
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
By building the transmission mechanism of productivity, this paper analyzes the effect of investment in digital transformation on productivity. The productivity estimation model is established as simultaneous equations system centered on this transmission mechanism. First, this paper finds that discontinuities in the productivity transmission mechanism can cause productivity paradoxes. In particular, it is confirmed econometrically that the cut off of digital transformation and worker education processes could cause productivity paradoxes. Second, it is not possible to find the statistically reliable effect of digital transformation investment on productivity in estimating the simultaneous equation model composed mainly of productivity transmission mechanism such as digital transformation investment, human capital, worker education and reeducation, economic growth, and productivity variables. Therefore, this paper finds the productivity paradox for digital transformation investment in Russia in 2018 due to the discontinuity of the productivity transmission mechanism.
Abstract
By building the transmission mechanism of productivity, this paper analyzes the effect of investment in digital transformation on productivity. The productivity estimation model is established as simultaneous equations system centered on this transmission mechanism. First, this paper finds that discontinuities in the productivity transmission mechanism can cause productivity paradoxes. In particular, it is confirmed econometrically that the cut off of digital transformation and worker education processes could cause productivity paradoxes. Second, it is not possible to find the statistically reliable effect of digital transformation investment on productivity in estimating the simultaneous equation model composed mainly of productivity transmission mechanism such as digital transformation investment, human capital, worker education and reeducation, economic growth, and productivity variables. Therefore, this paper finds the productivity paradox for digital transformation investment in Russia in 2018 due to the discontinuity of the productivity transmission mechanism.
참고문헌 (12)
- George A, Akerlof, "Gift Exchange and Efficiency Wage Theory : Four Views", The American Economic Review, 74(2), pp.79~83 (1984)
- High Tech Innovation and Productivity Growth: Does Supply Create its Own Demand?, "Gordon, R", NBER, ~, pp.NBER Working Paper, 9437 (2003)
- Jack E. Triplett, "The Solow Productivity Paradox : What do computers do to productivity?", The Canadian Journal of Economics, 32(2), pp.310~334 (1999)
- Jarrod Hadfield, "MCMC Methods for Multiresponse Generalized Linear Mixed Models: The MCMCglmm R Package", Journal of Statistical Software, 33(2) (2010)
- Jarrod Hadfield, "MCMCglmm Course Notes", 28~69 (2019)
- Jeong-Dong Lee, "The Strategy Way of Accumulation", pp.113~129 (2017), Jisik Nomard Publishing Co
- Productivity and ICT : A Review of the Evidence, Center for Economic Performance, "Marko Draco", CEP, ~, pp.CEP Discussion Paper, 749 (2015)
- Oliner, S. D., "Information Technology and Productivity : Where Are We Now and Where Are We Going?", Federal Reserve Bank of Atlanta Review, 87(3), pp.15~44 (2002)
- Human Capital Growth: Theory and Evidence, "Paul M. Romer", NBER, ~, pp.NBER Working Paper Series, 3173 (1989)
- NBER-CES Manufacturing Industry Database(1958-2011), "Randy Becker", National Bureau of Economic Research, ~ (2013)
- R. M. Solow, "We’d Better Watch out, Review of S.S. Cohen and J. Zysman, Manufacturing Matters: The Myth of the Post-Industrial Economy", New York Times, ~ (1987)
- World Bank Group, "Russian Digital Economy Report, Competing in the Digital Age" (2018), World Bank Press