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From New Technology to Productivity

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  • Eric J. Bartelsman

Abstract

This paper reviews briefly the scientific literature on new technologies and future trends and on how and why the technologies may affect production, labour relations, and living conditions. Recent evidence points towards a slowing of productivity growth and a growing sense of unease in EU households concerning the impact of future economic developments. The paper argues that new digital technologies not only have the potential to change economic interactions, but also change the framework needed by economists to analyse the supply side of the economy. With appropriate policies, the technological advances can continue apace and will translate into productivity growth, so that households can contribute to and benefit from the new goods and services that the future economy will produce.

Suggested Citation

  • Eric J. Bartelsman, 2019. "From New Technology to Productivity," European Economy - Discussion Papers 113, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:dispap:113
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    File URL: https://economy-finance.ec.europa.eu/publications/fellowship-initiative-2018-2019-new-technology-productivity_en
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    References listed on IDEAS

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    1. Gereben, Áron & Wruuck, Patricia, 2021. "Towards a new growth model in CESEE: Convergence and competitiveness through smart, green and inclusive investment," EIB Working Papers 2021/01, European Investment Bank (EIB).

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    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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