Abstract
Complementary investments serve as one of the prerequisites for the successful translation of investments in Information and Communication Technologies (ICT) into macroeconomic outcomes. In this study, we investigate the presence of complementarity between investments in Telecoms and full-time Telecom staff in the context of transition economies (TE). Using translog formulation of Cobb–Douglas production function, we determined the presence of statistically significant interaction effect between the two variables. The direction of the effect, however, varies between the two subgroups of TEs in our sample, thus suggesting the presence of the level-dependent threshold.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
