Internet Econometrics

360 Pages·2012·2.314 MB·English

by  Serge Allegrezza, Anne Dubrocard (eds.)

Applied Econometrics Association Series
General Editors: Jean H.P. Paelinck, Emeritus Professor, Erasmus University,
Rotterdam; and Henri Serbat, University of Paris 2
The vital importance of econometrics for understanding economic phenomena
is increasingly recognized in every field of economics.
The discipline is based on ‘scientific processes which aim to identify, explain
and forecast economic phenomena using formalised tools to produce, measure,
structure and model the information’ (Gérard Duru and Henri Serbat, 1991).
The Applied Econometrics Association, established 1974, seeks to develop the
use of econometric tools by regular updates on the state of the art and the
progress made in each specific field, and so to further the transformation of
unconnected facts into pertinent information for use in analysis and decision-
making.
The series was conceived to form a set of working references for advanced
students and researchers in each specific field, as well as a guide to development
across the discipline more broadly.
This exchange of knowledge will be continued permanently by the opening
of a debate site on the Internet (http;/www.aea.fed-eco.org).
Titles include:
Serge Allegrezza and Anne Dubrocard (editors)
INTERNET ECONOMETRICS
Patrick-Yves Badillo and Jean-Baptiste Lesourd (editors)
THE MEDIA INDUSTRIES AND THEIR MARKETS
Quantitative Analyses
Françoise Bourdon and Jean Bourdon (editors)
WAGE ECONOMETRICS AND MODELLING
Fabrizio Carlevaro and Jean-Baptiste Lesourt (editors)
MEASURING AND ACCOUNTING ENVIRONMENTAL NUISANCES AND
SERVICES
Arthur Getis, Jeśus Mur and Henry G. Zoller (editors)
SPATIAL ECONOMETRICS AND SPATIAL STATISTICS
Siv S. Gustafsson and Danièle E. Meulders (editors)
GENDER AND THE LABOUR MARKET
Econometric Evidence of Obstacles to Achieving Gender Equality
Hans Heijke and Joan Muysken (editors)
EDUCATION AND TRAINING IN A KNOWLEDGE-BASED ECONOMY
Pavlos Karadeloglou (editor)
EXCHANGE-RATE POLICY IN EUROPE
Pavlos Karadeloglou and Virginie Terraza (editors)
EXCHANGE RATES AND MACROECONOMIC DYNAMICS
Sandrine Lardic and Valérie Mignon (editors)
RECENT DEVELOPMENTS ON EXCHANGE RATES
Benoît Mahy, Robert Plasman and François Rycx (editors)
GENDER PAY DIFFERENTIALS
Cross-National Evidence from Micro-Data
David Marsden and François Rycx (editors)
WAGE STRUCTURES, EMPLOYMENT ADJUSTMENTS AND GLOBALIZATION
Evidence from Linked and Firm-level Panel Data
Danièle Meulders, Robert Plasman and François Rycx (editors)
MINIMUM WAGES, LOW PAY AND UNEMPLOYMENT
Carine Peeters and Bruno van Pottelsberghe de la Potterie (editors)
ECONOMIC AND MANAGEMENT PERSPECTIVES ON INTELLECTUAL
PROPERTY RIGHTS
Emile Quinet and Roger Vickerman (editors)
THE ECONOMETRICS OF MAJOR TRANSPORT INFRASTRUCTURES
Philippe Thalmann and Milad Zarin-Nejadan (editors)
CONSTRUCTION AND REAL ESTATE DYNAMICS
Applied Econometrics Association
Series Standing Order ISBN 978–0–333–91990–3 (cased) and 978–0–333–71460–7
(paperback)
(outside North America only)
You can receive future titles in this series as they are published by placing a standing order.
Please contact your bookseller or, in case of difficulty, write to us at the address below with
your name and address, the title of the series and one of the ISBNs quoted above.
Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke,
Hampshire RG21 6XS, England
Internet Econometrics
Edited by
Serge Allegrezza
Director General, National Statistical Office of Luxembourg
and
Anne Dubrocard
Head of Research Unit, National Statistical Office of Luxembourg
Editorial and Selection Matter © Serge Allegrezza and Anne Dubrocard 2012
Individual Chapters © Contributors 2012
All rights reserved. No reproduction, copy or transmission of this
publication may be made without written permission.
No portion of this publication may be reproduced, copied or transmitted
save with written permission or in accordance with the provisions of the
Copyright, Designs and Patents Act 1988, or under the terms of any licence
permitting limited copying issued by the Copyright Licensing Agency,
Saffron House, 6–10 Kirby Street, London EC1N 8TS.
Any person who does any unauthorized act in relation to this publication
may be liable to criminal prosecution and civil claims for damages.
The authors have asserted their rights to be identified as the authors of this work
in accordance with the Copyright, Designs and Patents Act 1988.
First published 2012 by
PALGRAVE MACMILLAN
Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited,
registered in England, company number 785998, of Houndmills, Basingstoke,
Hampshire RG21 6XS.
Palgrave Macmillan in the US is a division of St Martin’s Press LLC,
175 Fifth Avenue, New York, NY 10010.
Palgrave Macmillan is the global academic imprint of the above companies
and has companies and representatives throughout the world.
Palgrave® and Macmillan® are registered trademarks in the United States,
the United Kingdom, Europe and other countries.
ISBN 978-1-349-34878-7 ISBN 978-0-230-36422-6 (eBook)
DOI 10.1057/9780230364226
This book is printed on paper suitable for recycling and made from fully
managed and sustained forest sources. Logging, pulping and manufacturing
processes are expected to conform to the environmental regulations of the
country of origin.
A catalogue record for this book is available from the British Library.
A catalog record for this book is available from the Library of Congress.
10 9 8 7 6 5 4 3 2 1
21 20 19 18 17 16 15 14 13 12
Contents
List of Tables ix
List of Figures xii
Acknowledgments xiii
Notes on Contributors xiv
Introduction 1
Part I ICT and Productivity
1 Information Technology, Complementary Capital, and
the Transatlantic Productivity Divergence 13
Marco Vincenzi
Introduction 13
Literature review 15
Theoretical model 18
Data and caveats 21
Empirical evidence on the role of ICT 22
U.S. TFP growth in the early 2000s: a case study 25
Conclusion 32
2 Technical Efficiency and the Role of Information Technology:
A Stochastic Production Frontier Study across OECD Countries 43
Sophia P. Dimelis and Sotiris K. Papaioannou
Introduction 43
A survey of empirical literature 45
Econometric specification 48
Empirical results 51
Conclusion 62
3 Analyzing ICT Adoption across European Regions 66
María Rosalía Vicent and Ana Jesús López
Introduction 66
Framework 67
Data 68
Analysis of ICT adoption 69
Conclusion 76
v
vi Contents
Part II Determinants of Demand for ICT
4 Determinants of Usages and Access to the Internet
Services in Côte d’Ivoire 87
Auguste K. Kouakou
Introduction 87
Literature review 89
Methodological framework 91
Conclusion 101
5 Difference between Adoption and Access Frequency
to Internet and Consumer Surplus 107
Walid Hadhri, Mohamed Ayadi, and Adel Ben Youssef
Introduction 107
Econometric specification of the Internet
demand function 108
Internet adoption and access frequency differentiation
for Internet usage analyses 111
Internet demand function with censored sample 114
Data and variables definitions 116
Econometric results 119
Internet consumers surplus 126
Conclusion 127
6 Valuing Time-Intensive Goods: An Application to
Wireless and Wired Internet 130
Ergin Bayrak
Introduction 130
Model 133
Data and estimation 135
Welfare 138
Conclusion 141
7 Contingent Valuation of Digital Identification Card and
Electronic Signature Service in Luxembourg 142
Alex Durand
Introduction 142
Theoretical model 143
Empirical estimate of interest 146
Interest profile 148
Estimate of willingness to pay 150
Conclusion 150
Contents vii
8 Blogs and the Economics of Reciprocal Attention 167
Alexia Gaudeul, Chiara Peroni, and Laurence Mathieu
Introduction 167
Context 167
Related Literature 170
A model of reciprocal (in)attention 172
Choice of effort 173
Mutual attention 174
The data 177
Empirical analysis 179
Instrumental variable estimation 184
The effect of imbalances 185
Conclusion 186
Part III New Organizational Frontiers
9 File Sharing and Its Impact on Business Models in Music 197
Joost Poort and Paul Rutten
Introduction 197
Developments in the entertainment industry 199
File sharing: key funding of a Dutch survey 213
Effects on industry turnover and welfare 219
Conclusions and policy recommendation 227
10 The Make-or-Buy Decision in ICT Services:
Empirical Evidence from Luxembourg 234
Ludivine Martin
Introduction 234
Research hypotheses 237
Data 239
Econometric methodology 242
Econometric analysis 244
Conclusion 251
11 A n Empirical Analysis of Organizational Innovation
Generated by ICT in Japanese SMEs 259
H iroki Idota, Masaru Ogawa, Teruyuki Bunno,
and Masatsugu Tsuji
Introduction 259
Case study: a supply chain system that facilitates
Japanese SME exports 261
ICT use in two groups of SMEs 264
viii Contents
Index of ICT adoption 266
Statistical analysis 272
Obstacles to ICT adoption: implications for policy 278
Conclusion 284
12 D eterminants of Intra-firm Diffusion Process of ICT:
Theoretical Sources and Empirical Evidence
from Catalan Firms 288
Adel Ben Youssef, David Castillo Merino, and Walid Hadhri
Introduction 288
The intra-firm diffusion of ICT literature review 289
Hypothesis 295
Sample, data description, and econometric models 296
The variables 298
Determinants of intra-firm ICT diffusion in Catalan firms 300
Conclusion 308
13 D oes ICT Enable Innovation in Luxembourg?
An Empirical Study 313
Leila Ben Aoun and Anne Dubrocard
Introduction 313
Literature review 314
Model 318
Data and variables 320
Results 327
Conclusion 329
Index 337
Tables
1.1 Summary of the statistics for TFP growth and for ICT 24
1.2 Effect of ICT capital growth on TFP growth 25
1.3 Effect of ICT capital on TFP with different time lags 28
1.4 E ffect of ICT capital and of software engineers on
TFP (fixed effect) 30
1.5 Effect of ICT capital and of software engineers on
TFP (random effect) 31
1.6 E ffect of ICT capital and of software engineers on
TFP (pooled OLS) 32
2.1 S ummary of related literature 46
2.2 D efinitions and sources of variables 50
2.3 D escriptive statistics of variables 52
2.4 I CT investment as a share of GDP 52
2.5 M aximum likelihood estimates 53
2.6 A verage efficiency scores 55
2.7 C ontribution of ICT to efficiency 57
2.8 GDP per capita – efficiency 59
2.9 GDP per capita growth – efficiency change 60
2.10 T FP growth – efficiency change 61
3.1 D escription of ICT indicators 69
3.2 P earson correlation coefficients for the
regional ICT indicators 70
3.3 Component loadings and communalities 71
3.4 D escriptive statistics of the ICT clusters
across European regions 75
4.1 Description of variables, sample frequencies
according to Internet access 92
4.2 S tatistics on the Internet usage 94
4.3 M odel of access to the Internet: logit (1) and logit (2) 99
4.4 T est of proportional ratio using Omodel Logit 102
4.5 Model of usage using generalized ordered Logit Model 103
5.1 Access time to Internet 117
5.2 Internet adoption and Heckman access frequency 121
5.3 Internet consumer’s surplus comparison between
the United States and France 127
ix