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ICT-specific technological change and productivity growth in the US: 1980-2004

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  • Martínez, Diego
  • Rodríguez, Jesús
  • Torres, José L.

Abstract

This paper studies the impact of information and communication technologies (ICT) on US economic growth using a dynamic general equilibrium approach. A production function with six different capital inputs is used, three of them corresponding to ICT assets and the other three to non-ICT assets. The technological change embedded in hardware equipment is found to be the main leading non-neutral force in US productivity growth, accounting for about one quarter of total growth during the period 1980-2004. As a whole, ICT-specific technological change accounts for about 35% of total growth in labor productivity.

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Bibliographic Info

Article provided by Elsevier in its journal Information Economics and Policy.

Volume (Year): 22 (2010)
Issue (Month): 2 (May)
Pages: 121-129

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Handle: RePEc:eee:iepoli:v:22:y:2010:i:2:p:121-129

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Web page: http://www.elsevier.com/locate/inca/505549

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Keywords: New economy Information and communication technologies Specific technological change Neutral technological change;

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Citations

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Cited by:
  1. Jesus Lopez-Rodriguez & Diego Martinez, 2014. "Beyond the R&D effects on innovation: the contribution of non-R&D activities to TFP growth in the EU," Working Papers 2014/16, Institut d'Economia de Barcelona (IEB).
  2. Keesookpuna, Chutipong & Mitomob, Hitoshi, 2012. "A developmental framework for ICT and labour productivity in the developing country: A case study of Thailand," 23rd European Regional ITS Conference, Vienna 2012 60378, International Telecommunications Society (ITS).
  3. Keesookpuna, Chutipong & Mitomob, Hitoshi, 2011. "Examining the relationship of communication service utilisation and productivity of labour in the developing country: A case study of Thailand," 8th Asia-Pacific Regional ITS Conference, Taipei 2011: Convergence in the Digital Age 52329, International Telecommunications Society (ITS).
  4. Vu, Khuong M., 2013. "Information and Communication Technology (ICT) and Singapore’s economic growth," Information Economics and Policy, Elsevier, vol. 25(4), pages 284-300.

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