Original scientific paper
https://doi.org/10.1080/1331677X.2021.1875861
How ICT and R&D affect productivity? Firm level evidence for China
Facang Zhu
Qianqian Li
Shichun Yang
Tomas Balezentis
Abstract
Based on an extended three-step CDM model, this paper
addresses the impacts of research and development (R&D) and
information and communication technology (ICT) on firm productivity for the World Bank innovation survey data of China. The
study includes ICT investment and R&D as the two main inputs
into innovation and productivity. We find that R&D and ICT
investments positively affect product innovation and process
innovation, with R&D being more important for innovation and
productivity, and ICT being more important for innovation and no
direct effect on productivity. We conclude that R&D and ICT
investments increase the probability of product innovation and
process innovation, which increase firm’s productivity, suggesting
that R&D and ICT investments indirectly affect productivity
through innovation.
Keywords
R&D; ICT; innovation; productivity
Hrčak ID:
301668
URI
Publication date:
31.12.2021.
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