ICT and Productivity Growth in the 1990’s

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ICT and Productivity Growth in the 1990’s

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Title: ICT and Productivity Growth in the 1990’s
Panel Data Evidence on Europe
Author: Dahl, Christian M.; Kongsted, Hans Christian; Sørensen, Anders
Abstract: What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, we provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. In contrast to the US, this impact of ICT has happened against a negative macro economic shock not related to ICT. Our main result is in contrast to the established consensus in the growth accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to the performance of ICT-using sectors. One important advantage of using econometric methods is that we can distinguish between growth effects from ICT and macro economic shocks; a feature that growth accounting methods cannot handle.
URI: http://hdl.handle.net/10398/7991
Date: 2009-12-18

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