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Contribution of information and communication technologies (ICT) to growth

Author

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  • Cette, G.
  • Clerc, C.
  • Bresson, L.

Abstract

The contribution of information and communication technologies (ICT) to economic growth has stabilised since the early 2000s in industrialised countries. To date the euro area has benefited less from this than the United States. Appropriate policies would enable the euro area to catch up. This Rue de la Banque compares changes in the contribution of ICT to economic growth in the United States, the euro area, and the United Kingdom over the 1970-2013 period. After a long period of sustained growth, ICT diffusion as a factor of production has stabilised since the early 2000s, at levels that are significantly higher in the United States than in the euro area, while the United Kingdom is in a position in between these two areas.

Suggested Citation

  • Cette, G. & Clerc, C. & Bresson, L., 2016. "Contribution of information and communication technologies (ICT) to growth," Rue de la Banque, Banque de France, issue 22, April..
  • Handle: RePEc:bfr:rueban:2016:22
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/rue-de-la-banque_22_2016-04_en.pdf
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    References listed on IDEAS

    as
    1. Kevin J. Fox & Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2017. "Upstream Product Market Regulations, ICT, R&D and Productivity," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 68-89, February.
    2. Cette, G., 2014. "Does ICT remain a powerful engine of growth?," Working papers 476, Banque de France.
    3. Aghion, Philippe & Askenazy, Philippe & Bourlès, Renaud & Cette, Gilbert & Dromel, Nicolas, 2009. "Education, market rigidities and growth," Economics Letters, Elsevier, vol. 102(1), pages 62-65, January.
    4. Gilbert Cette & Yusuf Kocoglu & Jacques Mairesse, 2009. "Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century," NBER Working Papers 15577, National Bureau of Economic Research, Inc.
    5. David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2013. "Is the Information Technology Revolution Over?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 25, pages 20-36, Spring.
    6. Gilbert Cette & Christian Clerc & Lea Bresson, 2015. "Contribution of ICT Diffusion to Labour Productivity Growth: The United States, Canada, the Eurozone, and the United Kingdom, 1970-2013," International Productivity Monitor, Centre for the Study of Living Standards, vol. 28, pages 81-88, Spring.
    7. Gilbert Cette & Jimmy Lopez, 2012. "ICT demand behaviour: an international comparison," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(4), pages 397-410, June.
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    Cited by:

    1. A. Houben & J. Kakes, 2001. "Fostering the 'New Economy': the role of financial intermediation," MEB Series (discontinued) 2001-7, Netherlands Central Bank, Monetary and Economic Policy Department.
    2. Gilbert CETTE, 2015. "Which Role for ICTs as a Productivity Driver Over the Last Years and the Next Future?," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(100), pages 65-83, 4th quart.

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