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ICT – productivity and economic growth in Europe

In: Digital Excellence

Author

Listed:
  • Paul J. J. Welfens

    (EIIW – European Institute for International Economic Relations)

Abstract

The expansion of ICT has been a major driver of productivity and output growth in OECD countries. We take a look at the aggregate and sectoral dynamics of selected countries. Productivity growth is strongly linked to ICT-producing industries on the one hand and to ICT-using sectors on the other. Germany seems to suffer from underinvestment in both IT and software. As regards sectoral expansion patterns, some of Germany's key sectors have problems in fully exploiting the benefits of ICT. Interesting findings from Australia, the US and Spain suggest that both firms and government underestimate the long-term benefits of investing in ICT.

Suggested Citation

  • Paul J. J. Welfens, 2008. "ICT – productivity and economic growth in Europe," Springer Books, in: Paul J. J. Welfens & Ellen Walther-Klaus (ed.), Digital Excellence, pages 13-39, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-72621-0_3
    DOI: 10.1007/978-3-540-72621-0_3
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    Cited by:

    1. Garga, Vaishali & Singh, Sanjay R., 2021. "Output hysteresis and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 871-886.
    2. Giuseppe Attanasi & Ylenia Curci & Patrick Llerena & Maria del Pino Ramos-Sosa & Adriana Carolina Pinate & Giulia Urso, 2019. "Looking at Creativity from East to West: Risk Taking and Intrinsic Motivation in Socially and Culturally Diverse Countries," Working Papers of BETA 2019-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Wasmer, Etienne & Laouenan, Morgane & Bhargava, Palaash & Eymeoud, Jean Benoit & Plique, Guillaume, 2021. "A Cross-verified Database of Notable People, 3500BC-2018AD," CEPR Discussion Papers 15852, C.E.P.R. Discussion Papers.
    4. Giuseppe Attanasi & Michela Chessa & Sara Gil-Gallen & Patrick Llerena, 2021. "A survey on experimental elicitation of creativity in economics," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 273-324.
    5. Matsuyama, Kiminori & Ushchev, Philip, 2022. "Destabilizing effects of market size in the dynamics of innovation," Journal of Economic Theory, Elsevier, vol. 200(C).
    6. Jean-Luc Gaffard & Mauro Napoletano, 2018. "Market disequilibrium, monetary policy, and financial markets: insights from new tools," LEM Papers Series 2018/17, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    7. repec:hal:spmain:info:hdl:2441/3tl6t49e929fla0aa2ukppot8n is not listed on IDEAS
    8. Chao Gao & Dequan Yao & Jiayu Fang & Zhengchu He, 2022. "Analysis of the Relationships between Financial Development and Sustainable Economic Growth: Evidence from Chinese Cities," Sustainability, MDPI, vol. 14(15), pages 1-15, July.
    9. Feng, Wei & Li, Jiajia, 2021. "International technology spillovers and innovation quality: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 289-308.
    10. Michele Fioretti & Alessandro Iaria & Aljoscha Janssen & Robert K Perrons & Clément Mazet-Sonilhac, 2022. "Innovation Begets Innovation and Concentration: the Case of Upstream Oil & Gas in the North Sea," SciencePo Working papers hal-03791971, HAL.
    11. Jagjit S. Chadha & Issam Samiri, 2022. "Macroeconomic Perspectives on Productivity," Working Papers 030, The Productivity Institute.
    12. Adabor, Opoku, 2023. "The effect of financial development on natural gas resource rent in Ghana," Resources Policy, Elsevier, vol. 83(C).
    13. Angus C. Chu & Yuichi Furukawa & Lei Ji, 2016. "Patents, R&D subsidies, and endogenous market structure in a schumpeterian economy," Southern Economic Journal, John Wiley & Sons, vol. 82(3), pages 809-825, January.
    14. Okumus, İlyas & Guzel, Arif Eser & Destek, Mehmet Akif, 2021. "Renewable, Non-renewable Energy Consumption and Economic Growth Nexus in G7: Fresh Evidence from CS-ARDL," MPRA Paper 114136, University Library of Munich, Germany.
    15. Xiaosan, Zhang & Qingquan, Jiang & Shoukat Iqbal, Khattak & Manzoor, Ahmad & Zia Ur, Rahman, 2021. "Achieving sustainability and energy efficiency goals: Assessing the impact of hydroelectric and renewable electricity generation on carbon dioxide emission in China," Energy Policy, Elsevier, vol. 155(C).
    16. Omer Majeed & Jonathan Hambur & Robert Breunig, 2024. "Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data," RBA Research Discussion Papers rdp2024-01, Reserve Bank of Australia.
    17. Evan Rosevear & Michael Trebilcock & Mariana Mota Prado, 2021. "The New Progressivism and its implications for institutional theories of development," Development Policy Review, Overseas Development Institute, vol. 39(4), pages 644-664, July.
    18. Andrea Borsato, 2021. "Simple Matching Protocols for Agent-based Models," Working Papers of BETA 2021-35, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    19. Matias Braun & Luis Felipe Cespedes & Sebastian Bustos, 2021. "Innovation Strategy and Economic Development," Working Papers wp522, University of Chile, Department of Economics.
    20. Yang, Gaoju & Wang, Fang & Huang, Xianhai & Chen, Hangyu, 2022. "Human capital inflow, firm innovation and patent mix," Journal of Asian Economics, Elsevier, vol. 79(C).
    21. Peter Mayerhofer, 2022. "Vorarlbergs Wirtschaft im europäischen Konkurrenzumfeld. Bericht zur internationalen Wettbewerbsfähigkeit 2022," WIFO Studies, WIFO, number 69424, April.
    22. Jovović David, 2017. "Improving Regional Competitiveness in the Light of Endogenous Growth Theory Recommendations," Economic Themes, Sciendo, vol. 55(3), pages 319-333, September.

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