Information Technology and the World Growth Resurgence
AbstractThis paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2007.
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Bibliographic InfoArticle provided by Verein für Socialpolitik in its journal German Economic Review.
Volume (Year): 8 (2007)
Issue (Month): (05)
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Other versions of this item:
- Dale W. Jorgenson & Khuong Vu, 2006. "Information Technology and The World Growth Resurgence," Hi-Stat Discussion Paper Series d06-181, Institute of Economic Research, Hitotsubashi University.
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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