ICT and Productivity Growth in the 1990's: Panel Data Evidence on Europe
AbstractWhat 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 signi?cant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by School of Economics and Management, University of Aarhus in its series CREATES Research Papers with number 2010-47.
Date of creation: 25 Aug 2010
Date of revision:
Contact details of provider:
Web page: http://www.econ.au.dk/afn/
Labor productivity; total factor productivity; information and communications technology; panel data methods.;
Other versions of this item:
- Christian Dahl & Hans Kongsted & Anders Sørensen, 2011. "ICT and productivity growth in the 1990s: panel data evidence on Europe," Empirical Economics, Springer, vol. 40(1), pages 141-164, February.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-03 (All new papers)
- NEP-BEC-2010-09-03 (Business Economics)
- NEP-EEC-2010-09-03 (European Economics)
- NEP-EFF-2010-09-03 (Efficiency & Productivity)
- NEP-EUR-2010-09-03 (Microeconomic European Issues)
- NEP-FDG-2010-09-03 (Financial Development & Growth)
- NEP-ICT-2010-09-03 (Information & Communication Technologies)
- NEP-MAC-2010-09-03 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bloom, Nicholas & Sadun, Raffaella & Van Reenen, John, 2007.
"Americans Do I.T. Better: US Multinationals and the Productivity Miracle,"
CEPR Discussion Papers
6291, C.E.P.R. Discussion Papers.
- Nicholas Bloom & Raffaella Sadun & John Van Reenen, 2012. "Americans Do IT Better: US Multinationals and the Productivity Miracle," American Economic Review, American Economic Association, vol. 102(1), pages 167-201, February.
- Nicholas Bloom & Raffaella Sadun & John Van Reenen, 2007. "Americans Do I.T. Better: US Multinationals and the Productivity Miracle," NBER Working Papers 13085, National Bureau of Economic Research, Inc.
- Nick Bloom & Raffaella Sadun & John Van Reenen, 2007. "Americans Do I.T. Better: US Multinationals and the Productivity Miracle," CEP Discussion Papers dp0788, Centre for Economic Performance, LSE.
- Nick Bloom & Raffaella Sadun & John Van Reenen, 2007. "Americans do I.T. better: US multinationals and the productivity miracle," LSE Research Online Documents on Economics 4555, London School of Economics and Political Science, LSE Library.
- Karl Whelan, 2002.
"Computers, Obsolescence, And Productivity,"
The Review of Economics and Statistics,
MIT Press, vol. 84(3), pages 445-461, August.
- Mirko Draca & Raffaella Sadun & John Van Reenen, 2006.
"Productivity and ICT: a review of the evidence,"
LSE Research Online Documents on Economics
4561, London School of Economics and Political Science, LSE Library.
- Basu, Susanto & Fernald, John G, 1997.
"Returns to Scale in U.S. Production: Estimates and Implications,"
Journal of Political Economy,
University of Chicago Press, vol. 105(2), pages 249-83, April.
- Susanto Basu & John G. Fernald, 1996. "Returns to scale in U.S. production: estimates and implications," International Finance Discussion Papers 546, Board of Governors of the Federal Reserve System (U.S.).
- Kevin J. Fox & W. Erwin Diewert, 2004.
"On the Estimation of Returns to Scale, Technical Progress and Monopolistic Markups,"
Econometric Society 2004 Australasian Meetings
310, Econometric Society.
- Diewert, W. Erwin & Fox, Kevin J., 2008. "On the estimation of returns to scale, technical progress and monopolistic markups," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 174-193, July.
- Mary O'Mahony & Michela Vecchi, 2005. "Quantifying the Impact of ICT Capital on Output Growth: A Heterogeneous Dynamic Panel Approach," Economica, London School of Economics and Political Science, vol. 72(288), pages 615-633, November.
- Atella, Vincenzo & Carbonari, Lorenzo, 2012.
"When elders rule: is gerontocracy harmful for growth?,"
36574, University Library of Munich, Germany.
- Vincenzo Atella & Lorenzo Carbonari, 2013. "When Elders Rule:Is Gerontocracy Harmful for Growth?," CEIS Research Paper 263, Tor Vergata University, CEIS, revised 08 Aug 2013.
- Raquel Ortega-Argilés, 2012. "The Transatlantic Productivity Gap: A Survey Of The Main Causes," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 395-419, 07.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.