Performance evaluation of production of IT capital goods across OECD countries: A stochastic frontier approach to Malmquist index

Decision Support Systems

Volumn 54, Issue 1, 2012, Pages 173-184

  Chou, Yen Chun ^a   Shao, Benjamin B M ^a   Lin, Winston T ^b  

^a ARIZONA STATE UNIVERSITY   (United States)

^b UNIVERSITY AT BUFFALO   (United States)

Author keywords

Industry analysis; Information technology capital goods; Malmquist productivity index; Technical efficiency; Technological progress; Translog stochastic frontier; True fixed effects model

Indexed keywords

CAPITAL GOODS; FIXED-EFFECTS; MALMQUIST PRODUCTIVITY INDEX; STOCHASTIC FRONTIER; TECHNICAL EFFICIENCY; TECHNOLOGICAL PROGRESS;

INDUSTRY; PRODUCTIVITY; PUBLIC POLICY; RESEARCH; STOCHASTIC MODELS; STOCHASTIC SYSTEMS; SUPPLY CHAINS; UBIQUITOUS COMPUTING;

INFORMATION TECHNOLOGY;

EID: 84868636780     PISSN: 01679236     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.dss.2012.05.003     Document Type: Article

References (88)

1. B. Adipat, D.S. Zhang, and L.N. Zhou The effects of tree-view based presentation adaptation on mobile web browsing MIS Quarterly 35 1 2011 99 121
2. R. Agarwal, V. Sambamurthy, and R.M. Stair The evolving relationship between general and specific computer self-efficacy: an empirical assessment Information Systems Research 11 4 2000 418 430 (Pubitemid 33224539)
3. F.J. Arcelus, and P. Arozena Measuring sectoral productivity across time and across countries European Journal of Operational Research 119 2 1999 254 266 (Pubitemid 30518383)
4. R.D. Banker, A. Charnes, and W.W. Cooper Some models for estimating technical and scale inefficiencies in data envelopment analysis Management Science 30 9 1984 1078 1092 (Pubitemid 14651320)
5. R.D. Banker, I.R. Bardhan, H. Chang, and S. Lin Plant information systems, manufacturing capabilities, and plant performance MIS Quarterly 30 2 2006 315 337 (Pubitemid 46050494)
6. A. Bassanini, L. Nunziata, and D. Venn Job protection legislation and productivity growth in OECD countries Economic Policy 24 58 2009 349 402
7. S. Basu, and J.G. Fernald Information and communications technology as a general-purpose technology: evidence from U.S. industry data German Economic Review 8 2 2007 146 173 (Pubitemid 46691681)
8. G.E. Battese, and T.J. Coelli A model for technical inefficiency effects in a stochastic frontier production function for panel data Empirical Economics 20 2 1995 325 332 (Pubitemid 26430398)
9. E. Brynjolfsson, and L.M. Hitt Paradox lost? Firm-level evidence on the returns to information systems spending Management Science 42 4 1996 541 558 (Pubitemid 126577314)
10. E. Brynjolfsson, and A. McAfee Race against the Machine: How the Digital Revolution Is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy 2011 Amazon Digital Services
11. D.W. Caves, L.R. Christensen, and W.E. Diewert The economic theory of index numbers and the measurement of input, output, and productivity Econometrica 50 6 1982 1393 1414
12. A. Charnes, W.W. Cooper, and E. Rhodes Measuring the efficiency of decision making units European Journal of Operational Research 2 6 1978 429 444 (Pubitemid 9402758)
13. Y.H. Chen, and W.T. Lin Analyzing the relationships between information technology, inputs substitution and national characteristics based on CES stochastic production frontier models International Journal of Production Economics 120 2 2009 552 569
14. A.M. Chircu, and R.J. Kauffman Limits to value in electronic commerce-related IT investments Journal of Management Information Systems 17 2 2000 59 80 (Pubitemid 32716755)
15. T. Coelli, D.S.P. Rao, C.J. O'Donnell, and G.E. Battese An Introduction to Efficiency and Productivity Analysis 2nd ed. 2005 Kluwer Academic Publishers Norwell, MA
16. European Commission EU KLEMS Database 2009 Groningen Growth and Development Centre Groningen, Netherlands
17. P. Davamanirajan, R.J. Kauffman, C.H. Kriebel, and T. Mukhopadhyay Systems design, process performance, and economic outcomes in international banking Journal of Management Information Systems 23 2 2006 65 90 (Pubitemid 44613921)
18. J. Dedrick, and K.L. Kraemer Asia's Computer Challenge: Threat or Opportunity for the United States and the World? 1998 Oxford University Press New York
19. S. Dewan, and K.L. Kraemer International dimensions of the productivity paradox Communications of the ACM 41 8 1998 56 62 (Pubitemid 128446358)
20. S. Dewan, and K.L. Kraemer Information technology and productivity: evidence from country-level data Management Science 46 4 2000 548 562
21. S. Dewan, and C. Min The substitution of information technology for other factors of production: a firm-level analysis Management Science 43 12 1997 1660 1675 (Pubitemid 127575324)
22. R. Färe, S. Grosskopf, M. Norris, and Z. Zhang Productivity growth, technical progress, and efficiency change in industrialized countries American Economic Review 84 1 1994 66 83
23. R. Färe, S. Grosskopf, and R.R. Russell Index Numbers: Essays in Honor of Sten Malmquist 1998 Kluwer Academic Publishers Norwell, MA
24. M.J. Farrell The measurement of technical efficiency Journal of the Royal Statistical Society Series A 120 3 1957 252 267
25. H.J. Fuentes, E. Grifell-Tatje, and S. Perelman A parametric distance function approach for Malmquist Productivity Index Estimation Journal of Productivity Analysis 15 2 2001 79 94 (Pubitemid 33637915)
26. M.F. Furukawa, T.S. Raghu, and B.B.M. Shao Electronic medical records and cost efficiency in hospital medical surgical units Inquiry 47 2010 110 123
27. D.R. Gnyawali, W. Fan, and J. Penner Competitive actions and dynamics in the digital age: an empirical investigation of social networking firms Information Systems Research 21 3 2010 594 613
28. D.L. Goodhue, and R.L. Thompson Task-technology fit and individual performance MIS Quarterly 19 2 1995 213 236
29. R.J. Gordon Does the New Economy measure up to the great inventions of the past? Journal of Economic Perspectives 14 4 2000 49 74
30. W.H. Greene Distinguishing between heterogeneity and inefficiency: stochastic frontier analysis of the world health organization's panel data on national health care systems Health Economics 13 9 2004 959 980
31. W.H. Greene The Econometric Approach to Efficiency Analysis 2008 Oxford Scholarship Online Monograph Oxford, UK
32. V. Gurbaxani, and S.J. Whang The impact of information systems on organizations and markets Communications of the ACM 34 1 1991 59 73 (Pubitemid 21731491)
33. L.M. Hitt, and E. Brynjolfsson Productivity, business profitability, and consumer surplus: three different measures of information technology value MIS Quarterly 20 2 1996 121 142 (Pubitemid 126698525)
34. F.S.T. Hsiao, and C.S. Park Korean and Taiwanese productivity performance: comparisons at matched manufacturing levels Journal of Productivity Analysis 23 1 2005 85 107 (Pubitemid 40382454)
35. D.W. Jorgenson Information technology and the U.S. economy American Economic Review 91 1 2001 1 32 (Pubitemid 33594468)
36. D.W. Jorgenson Introduction D.W. Jorgenson, The Economics of Productivity 2009 Edward Elgar Publishing UK
37. D.W. Jorgenson, and K.J. Stiroh Information technology and growth American Economic Review 89 2 1999 109 115
38. D.W. Jorgenson, M.S. Ho, J.D. Samuels, and K.J. Stiroh Industry origins of the American productivity resurgence Economic Systems Research 19 3 2007 229 252 (Pubitemid 47604478)
39. D.W. Jorgenson, M.S. Ho, and K.J. Stiroh A retrospective look at the U.S. productivity growth resurgence Journal of Economic Perspectives 22 1 2008 3 24
40. C.F. Kemerer Progress, obstacles, and opportunities in software engineering economics Communications of the ACM 41 8 1998 63 66 (Pubitemid 128445854)
41. N. Kim, D.R. Chang, and A.D. Shocker Modeling intercategory and generational dynamics for a growing information technology industry Management Science 46 4 2000 496 512
42. U. Kohli Production theory, technological change, and the demand for imports: Switzerland 1948-1974 European Economic Review 18 1982 369 386
43. N.Y.C. Kong, and J. Tongzon Estimating total factor productivity growth in Singapore at sectoral level using data envelopment analysis Applied Economics 38 19 2006 2299 2314 (Pubitemid 44550647)
44. K.L. Kraemer, and J. Dedrick Globalization and increasing returns: implications for the U.S. computer industry Information Systems Research 9 4 1998 303 322 (Pubitemid 128470929)
45. S. Kraiselburd, V.G. Narayanan, and A. Raman Contracting in a supply chain with stochastic demand and substitute products Production and Operations Management 13 1 2004 46 62 (Pubitemid 39374559)
46. S. Kuznets Modern economic growth: findings and reflections American Economic Review 63 3 1973 247 258
47. W.T. Lin The business value of information technology as measured by technical efficiency: evidence from country-level data Decision Support Systems 46 4 2009 865 874
48. W.T. Lin, and B.B.M. Shao Relative sizes of information technology investments and productive efficiency: their linkage and empirical evidence Journal of the Association for Information Systems 1 7 2000 1 35
49. W.T. Lin, and B.B.M. Shao The business value of information technology and inputs substitution: the productivity paradox revisited Decision Support Systems 42 2 2006 493 507 (Pubitemid 44537492)
50. W.T. Lin, C.H. Chuang, and J.H. Choi A partial adjustment approach to evaluating and measuring the business value of information technology International Journal of Production Economics 127 1 2010 158 172
51. S. Malmquist Index numbers and indifference surfaces Trabajos de Estatistica 4 4 1953 209 242 (Reprinted in Journal of Productivity Analysis 4 (3) (1993) 251-260)
52. T. Malone, J. Yates, and R.I. Benjamin Electronic markets and electronic hierarchies Communications of the ACM 30 6 1987 484 497
53. N. Melville, K.L. Kraemer, and V. Gurbaxani Information technology and organizational performance: an integrative model of IT business value MIS Quarterly 28 2 2004 283 322
54. S. Mitra, and A.K. Chaya Analyzing cost-effectiveness of organizations: the impact of information technology spending Journal of Management Information Systems 13 2 1996 29 57
55. N. Mittal, and B.R. Nault Investments in information technology: indirect effects and information technology intensity Information Systems Research 20 1 2009 140 154
56. T. Mukhopadhyay, S. Rajiv, and K. Srinivasan Information technology impact on process output and quality Management Science 43 12 1997 1645 1659 (Pubitemid 127575323)
57. T. Mukhopadhyay, F.J. Lerch, and V. Mangal Assessing the impact of information technology on labor productivity: a field study Decision Support Systems 19 2 1997 109 122 (Pubitemid 127403703)
58. M. O'Mahony, and M.P. Timmer Output, input and productivity measures at the industry level: the EU KLEMS database The Economic Journal 119 538 2009 374 403
59. OECD The OECD STAN Database for Industrial Analysis 1978-1997 1998 Organization for Economic Cooperation and Development Paris, France
60. OECD International Sectoral Database 1999 Organization for Economic Cooperation and Development Paris, France
61. OECD The OECD Information Technology Outlook 2002, 2006, 2008, 2010 Organization for Economic Cooperation and Development Paris, France 2002, 2006, 2008, 2010
62. OECD OECD Manual Measuring Capital 2008 Committee on Statistics Geneva, Switzerland
63. D.H. Oh A global Malmquist-Luenberger productivity index Journal of Productivity Analysis 34 3 2010 183 197
64. S.D. Oliner, and D.E. Sichel The resurgence of growth in the late 1990s: is information technology the story? Journal of Economic Perspectives 14 4 2000 3 22
65. S.D. Oliner, and D.E. Sichel Information technology and productivity: where are we now and where are we going? Journal of Policy Modeling 25 5 2003 477 503 (Pubitemid 36860549)
66. S.D. Oliner, D.E. Sichel, and K.J. Stiroh Explaining a productive decade Journal of Policy Modeling 30 4 2008 633 673
67. L. Orea Parametric decomposition of a generalized Malmquist productivity index Journal of Productivity Analysis 18 3 2002 5 22 (Pubitemid 37131019)
68. J. Park, S.K. Shih, and G.L. Sanders Impact of international information technology transfer on national productivity Information Systems Research 18 1 2007 86 102
69. S.S. Roach In search of productivity Harvard Business Review 76 5 1998 153 158
70. P.M. Romer Endogenous technological change Journal of Political Economy 98 5 1990 71 102 (Part 2)
71. P. Schmidt, and R. Sickles Production frontiers and panel data Journal of Business and Economic Statistics 2 4 1984 367 374
72. P. Schreyer, and C. Webb Capital Stock at the OECD: Status and Outlook 2006 OECD Geneva, Switzerland
73. B.B.M. Shao, and J.S. David The impact of offshore outsourcing on IT workers in developed countries Communications of the ACM 50 2 2007 89 94 (Pubitemid 46192916)
74. B.B.M. Shao, and W.T. Lin Measuring the value of information technology in technical efficiency with stochastic production frontiers Information and Software Technology 43 7 2001 447 456 (Pubitemid 32427594)
75. B.B.M. Shao, and W.T. Lin Technical efficiency analysis of information technology investments: a two-stage empirical investigation Information Management 39 5 2002 391 401 (Pubitemid 34065114)
76. S.A. Slaughter, D.E. Harter, and M.S. Krishnan Evaluating the cost of software quality Communications of the ACM 41 8 1998 67 73 (Pubitemid 128445855)
77. R.M. Solow Technical change and the aggregate production function The Review of Economics and Statistics 39 3 1957 312 320
78. R.M. Solow We'd Better Watch Out July 12, 1987 New York Times Book Review 36
79. K.J. Stiroh Information technology and U.S. productivity revival: what do the industry data say? American Economic Review 92 5 2002 1559 1576
80. P. Tallon, and K.L. Kraemer Information technology and economic development: Ireland's coming of age with lessons for developing countries Journal of Global IT Management 3 2 2000 85 98
81. K.Y. Tam The impact of information technology investments on firm performance and evaluation: evidence from newly industrialized economies Information Systems Research 9 1 1998 85 98 (Pubitemid 128470817)
82. M.E. Thatcher, and J.R. Oliver The impact of technology investments on a firm's production efficiency, product quality, and productivity Journal of Management Information Systems 18 2 2001 17 45 (Pubitemid 32957792)
83. J. Triplett Handbook on hedonic indexes and quality adjustments in price indexes: special application to information technology products Statistical Analysis of Science, Technology and Industry 2004 OECD
84. J.E. Triplett, and B.P. Bosworth Productivity in the U.S. Services Sector: New Sources of Economic Growth 2004 Brookings Institute Press Washington, D.C
85. G.L. Violante Skill-biased technical change L. Blume, S. Durlauf, The New Palgrave Dictionary of Economics 2009 McMillan London, UK
86. P. Weill The relationship between investment in information technology and firm performance: a study of the valve manufacturing sector Information Systems Research 3 4 1992 304 333
87. L.P. Willcocks, and S. Lester Beyond the IT Productivity Paradox 1999 John Wiley & Sons Chichester, England
88. P.K. Wong Leveraging the global information revolution for economic development: Singapore's evolving information industry strategy Information Systems Research 9 4 1998 323 341