A Comparative Empirical Study of the Effect of the ICT, Organizational and Human Capital on Labour Productivity in Greece

Key words: Information and communication technologies, organization, human capital, productivity JEL Classification: 030 2 In the modern economy firms, in addition to the ‘traditional ’ production factors- traditional physical capital and labour- increasingly tend to form and use some ‘new ’ types of production factors: information and communication technologies (ICT) capital, human capital and organizational capital. It is therefore necessary to investigate the effect of these new production factors on firm performance in various contexts and also to compare it with the effect of the traditional production factors in various contexts. In this paper is described a comparative empirical study of the effect of the ICT capital, the human capital, the organizational capital (new organizational practices associated with ‘employee voice ’ and new forms of ‘work design’) and their combination on labour productivity in Greece and Switzerland. This study has been based on firm-level data from both countries, which hav