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| Tekijä: | Dewan, S. Min, C. |
| Otsikko: | The substitution of information technology for other factors of production: a firm level analysis |
| Lehti: | Management Science
1997 : DEC, VOL. 43:12, p. 1660-1675 |
| Asiasana: | MANAGEMENT INFORMATION TECHNOLOGY PRODUCTION |
| Kieli: | eng |
| Tiivistelmä: | Fueled by its constant technological and price improvements, information technology is displacing other inputs in the production of goods and services. By 1994, IT accounts for over 15% of fixed investments by the U.S. private sector, and the ratio of new IT investments to labor costs is approaching 5% (1900 dollar basis). The ability to take advantage of improvements in IT is determined in part by the substitutability of IT for other factors of production. |
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