The Impact of High-Tech Capital on Productivity: Evidence from Australia

19 Pages Posted: 5 Jun 2006

See all articles by Ellis Connolly

Ellis Connolly

Reserve Bank of Australia - Economic Research

Kevin J. Fox

UNSW Australia Business School, School of Economics

Abstract

This article examines the relationship between high-tech capital use and productivity. Using Australian data, some evidence is found of a positive relationship between high-tech capital use and productivity in the market sector, but there is much less evidence of excess returns. These results are robust to the use of a variety of different measures of high-tech capital. At the industry level however, the relationship is significant and positive for only some industries. This suggests that the benefits of investment in high-tech capital are not spread evenly across the economy.

JEL Classification: O3

Suggested Citation

Connolly, Ellis and Fox, Kevin J., The Impact of High-Tech Capital on Productivity: Evidence from Australia. Economic Inquiry, Vol. 44, No. 1, pp. 50-68, 2006. Available at SSRN: https://ssrn.com/abstract=906367

Ellis Connolly (Contact Author)

Reserve Bank of Australia - Economic Research ( email )

GPO Box 3947
Sydney, NSW 2001
Australia
02-9551 8827 (Phone)
02-9551 8833 (Fax)

Kevin J. Fox

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia
(02)9385-3320 (Phone)
(02)9313-6337 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
15
Abstract Views
461
PlumX Metrics