Infrastructures and New Technologies as Sources of Spanish Economic Growth
AbstractThe paper revises the impact of infrastructures and Information and Communication Technologies (ICT) on economic growth. It takes Spain as a reference case due to the accessibility to capital services estimates. The Spanish database allows the measurement of the impact on growth of three ICT assets (software, hardware and communication) and six different types of infrastructures (roads, railways, airports, ports, as well as urban and water infrastructures). It also allows the distinction between public and privately owned infrastructures. As a first step, the paper recommends the adjustment of the National Accounts (NA) figures, especially when the endogenous approach to compute the user cost is utilized. The rationale for the adjustment relies on the need to recognize explicitly the services provided by public capital, not fully included in NA.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15795.
Date of creation: Aug 2006
Date of revision: Aug 2006
ICT; Infrastructures; growth accounting;
Other versions of this item:
- Mas Ivars Matilde, 2006. "Infrastructures and New Technologies as Sources of Spanish Economic Growth," Working Papers, Fundacion BBVA / BBVA Foundation 201045, Fundacion BBVA / BBVA Foundation.
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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