TY - JOUR
T1 - Assessing the values of EC and IT separately and simultaneously and inputs substitution and complement
T2 - The CES-based stochastic frontier approaches
AU - Lin, Winston T.
AU - Chen, Yueh H.
AU - Chou, Chia Ching
N1 - Funding Information:
The authors are deeply grateful to the review panel consisting of an Associate Editor and reviewers for constructive and helpful comments. The first two authors thank the Individual Development Awards Program of the Governor's Office of Employee Relations and United University Professions ; the School of Management at the State University of New York at Buffalo ; and the Center of Electronic Commerce at National Sun Yat-sen University and the Ministry of Education in Taiwan, for their financial support, without which this paper would not have been produced. Research assistance provided by Chia-Ching Chang, Guan-Ting Wan, Tejaswini Herath, Zu-Wei Wang, and Chia-Hung Chuang is also gratefully acknowledged.
Publisher Copyright:
© 2015 Elsevier B.V. All rights reserved.
PY - 2016/1/1
Y1 - 2016/1/1
N2 - The objective of this research is to critically explore four interrelated issues at the country level by evaluating the values of e-commerce (EC) and information technology (IT) both separately and simultaneously; examining the possibilities of complementarity and substitutability phenomena; analyzing the impacts of substitution and complement relations among ordinary capital, ordinary labor, and IT capital on the business values of EC and IT; and revisiting the productivity paradox by using the stochastic frontier approaches, which incorporate the CES production functions. The empirical results imply that it is important to assess the values of EC and IT simultaneously rather than separately.
AB - The objective of this research is to critically explore four interrelated issues at the country level by evaluating the values of e-commerce (EC) and information technology (IT) both separately and simultaneously; examining the possibilities of complementarity and substitutability phenomena; analyzing the impacts of substitution and complement relations among ordinary capital, ordinary labor, and IT capital on the business values of EC and IT; and revisiting the productivity paradox by using the stochastic frontier approaches, which incorporate the CES production functions. The empirical results imply that it is important to assess the values of EC and IT simultaneously rather than separately.
KW - Complementarity and substitutability phenomena
KW - Constant elasticity of substitution (CES) frontier productions
KW - Input substitution and complement
KW - Productive (technical) efficiency
KW - Theory of production
KW - Time-varying stochastic production frontier approaches
UR - http://www.scopus.com/inward/record.url?scp=84954398110&partnerID=8YFLogxK
U2 - 10.1016/j.im.2015.09.001
DO - 10.1016/j.im.2015.09.001
M3 - Article
AN - SCOPUS:84954398110
SN - 0378-7206
VL - 53
SP - 109
EP - 121
JO - Information and Management
JF - Information and Management
IS - 1
ER -