An Integrated Assessment of Productivity and Efficiency Impacts of Information Technology Investments: Old Data, New Analysis and Evidence

Journal of Productivity Analysis

Volumn 12, Issue 1, 1999, Pages 21-43

  Lee, Byungtae ^a   Barua, Anitesh ^b  

^a UNIVERSITY OF ILLINOIS AT CHICAGO   (United States)

^b UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

Information technology; Management productivity and information technology

Indexed keywords

EID: 0033454822     PISSN: 0895562X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007898906629     Document Type: Article

References (39)

1. Banker, R. D., and R. J. Kauffman. (1988). "Strategic Contribution of Information Technology: An Empirical Study of ATM Networks." In Proceedings of the Ninth International Conference on Information Systems, December.
2. Barua, A. (1998). "Measuring Return on IT Investment." Unisys Exec! Magazine, http://www.unisys.com/ execmag/comment/comment_0198_barua.html, January.
3. Barua, A., C. H. Kriebel, and T. Mukhopadhyay. (1995). "Information Technologies and Business Value: An Analytic and Empirical Investigation." Information Systems Research 6(1), 3-23.
4. Barua, A., and B. Lee. (1997). "The Information Technology Productivity Paradox Revisited: A Theoretical and Empirical Investigation in the Manufacturing Sector." International Journal of Flexible Manufacturing Systems 9, 145-166.
5. Battese, G. E., and T. J. Coelli. (1993). "A Stochastic Frontier Production Function Incorporating A Model for Technical Inefficiency Effects." Working Paper, Dept. of Econometrics, University of New England.
6. Battese, G. E., and T. J. Coelli. (1995). "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data." Empirical Econometrics 20, 325-332.
7. Barua, A., C. H. Kriebel, and T. Mukhopadhyay. (1995). "Information Technologies and Business Value: An Analytic and Empirical Investigation." Information Systems Research 6(1), 3-23.
8. Berndt, E. R., and D. O. Wood. (1975). "Technology, Price and the Derived Demand for Energy." The Review of Economics and Statistics 3, 259-268.
9. Bureau of Labor Statistics, U.S. Department of Labor. (1983). Trends in Multifactor Productivity, BLS.
10. Blackorby, C., and R. R. Russell. (1989). "Will the Real Elasticity of Substitution Please Stand Up? (A Comparison of the Allen/Uzawa and Morishima Elasticities)." American Economic Review 79(4), 882-888.
11. Bresnahan, T. F. (1986). "Measuring the Spillovers from Technical Advance: Mainframe Computers in Financial Services." American Economic Review 76(4), 742-755.
12. Brundy, J., and Jorgenson, D. W. (1971). " Efficient Estimation of Simultaneous Equations by Instrumental Variables." Review of Economics and Statistics 53, 207-224.
13. Brynjolfsson, E. (1993). "Information Technology and the Productivity Paradox: Review and Assessment." Communication of the ACM 35, 66-77.
14. Brynjolfsson, E., and L. Hitt. (1995). "Information Technology as a Factor of Production: The Roles of Differences among Firms." The Economics of Innovation and Technology 3, 183-199.
15. Brynjolfsson, E., and L. Hitt. (1996). "Paradox Lost? Firm-level Evidence on the Returns to Information System Spending." Management Science 42(4), 541-558.
16. Business Week. (1993). "The Technology Payoff." Business Week, June 14, 57-79.
17. Chambers, R. G. (1991). Applied Production Analysis: A Dual Approach. New York: Cambridge University Press.
18. Christensen, L. R., and D. W. Jorgenson. (1969). "The Measurement of U.S. Real Capital Input, 1929-1967." The Review of Income and Wealth 15(4), 293-320, .
19. Christensen, L. R., and W. H. Greene. (1976). "Economies of Scale in U.S. Electric Power Generation." Journal of Political Economy 84(4), 654-76.
20. Dos Santos, B. L., K. Peffers, and D. C. Mauer. (1992). "The Impact of Information Technology Investment Announcements on the Market Value of the Firm." Information Systems Research 4(1), 1-23.
21. Gordon, R. J. (1987). "The Postwar Evolution of Computer Prices." Working Paper, National Bureau of Economic Research, Cambridge, MA.
22. Griliches, Z. (1986). "Productivity, R&D, and Basic Research at the Firm Level in the 1970's." The American Economic Review, 141-154.
23. Griliches, Z. (1998). "Hedonic Price Indexes and the Measurement of Capital and Productivity: Some Historical Reflections." National Bureau of Economic Research Working Paper No. 2634.
24. Harris, S. E., and J. L. Katz. (1988). "Profitability and Information Technology Capital Intensity in the Insurance Industry." Proceedings of the Twenty-First Hawaii International Conference on System Sciences.
25. Hausman, J. A. (1978). "Specification Tests in Econometrics." Econometrica 46(6), 1251-1271.
26. Hitt, L., and E. Brynjolfsson. (1996). "Productivity, Business Profitability, and Consumer Surplus: Three Different Measures of Information Technology Value." MIS Quarterly 20(2).
27. Huang, C. J. and Liu, J. (1994). "Estimation of a Non-Neutral Stochastic Frontier Production Function." The Journal of Productivity Analysis 5, 171-180.
28. Johnston, J. (1984). Economic Methods, pp. 439-516. New York: McGraw-Hill.
29. Kauffman, R. J., and C. H. Kriebel. (1988). "Measuring and Modeling the Business Value of IT." In ICIT Research Study Team #2 (ed.), Measuring Business Value of Information Technologies. ICIT Press.
30. Kauffman, R. J., and P. Weill. (1989). "An Evaluative Framework for Research on the Performance Effects of Information Technology Investment." Proceedings of the Tenth International Conference on Information Systems.
31. Kumbhakar., S. C. (1987). "The Specification of Technical and Allocative Inefficiency in Stochastic Production and Profit Frontiers." Journal of Econometrics 34, 335-348.
32. Kumbhakar., S. C., B. Biswas, and D. Von Bailey. (1989). "A Study of Economic Efficiency of Utah Diary Farmers: A Systems Approach." The Review of Economics and Statistics, 595-604.
33. Lichtenberg, F. (1995). "The Output Contributions of Computer Equipment and Personnel: A Firm Level Analysis." The Economics of Innovation and Technology 3, 201-217.
34. Loveman, G. W. (1988). "An Assessment of the Productivity Impact of Information Technologies." in T. J. Allen and M. S. Scott Morton (eds.), Information Technology and the Corporation of the 1990s: Research Studies. Cambridge, MA: MIT Press. (Previously MIT Management in the 1990s Working Paper #88-054).
35. Malone, T. W., J. Yates, and R. I. Benjamin. (1987). "Electronic Markets and Electronic Hierarchies." Communications of the ACM 30(6), 484-497.
36. Roach, S. S. (1987). "America's Technology Dilemma: A Profile of the Information Economy." Special Economy Study, Morgan Stanley & Co.
37. Schmidt, P., and C. A. Knox Lovell. (1979). "Estimating Technical and Allocative Inefficiency Relative to Stochastic Production and Cost Frontiers." Journal of Econometrics 9, 343-366.
38. Varian, H. R. (1984). Microeconomic Analysis, (2nd ed.).
39. Weill, P. (1992). "The Relationship Between Investment in Information Technology and Firm Performance: A Study of the Value Manufacturing Sector." Information Systems Research 3(4), 307-333.