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.
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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:
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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; Longitudinal Data; Spatial Time Series
- 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)
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