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Technological Sources Of Productivity Growth In Germany, Japan, And The United States

Author

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  • Rodríguez-López, Jesús
  • Torres, José L.

Abstract

In this paper we use a dynamic general equilibrium growth model to quantify the contribution to productivity growth from different technological sources in the three leading economies of the world: Germany, Japan, and the United States. The sources of technology are classified into neutral progress and investment-specific progress. The latter can be split into two different types of equipment: information and communication technologies (ICT) and non-ICT equipment. We find that in the long run, neutral technological change is the main source of productivity growth in Germany and Japan. For the United States, the main source of productivity growth arises from investment-specific technological change, mainly associated with ICT. We also find that a non-negligible part of productivity growth in the three countries has been due to the technology specific to non-ICT equipment.

Suggested Citation

  • Rodríguez-López, Jesús & Torres, José L., 2012. "Technological Sources Of Productivity Growth In Germany, Japan, And The United States," Macroeconomic Dynamics, Cambridge University Press, vol. 16(1), pages 133-150, February.
    • Handle: RePEc:cup:macdyn:v:16:y:2012:i:01:p:133-150_00
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    Cited by:

    1. Molinari, Benedetto & Rodríguez, Jesús & Torres, José L., 2013. "Growth and technological progress in selected Pacific countries," Japan and the World Economy, Elsevier, vol. 28(C), pages 60-71.
    2. Aleksandar Vasilev, 2020. "An RBC model with investment-specific technological change: lessons for Bulgaria (1999–2018)," Post-Communist Economies, Taylor & Francis Journals, vol. 32(4), pages 511-524, May.
    3. Díaz, Antonia & Puch, Luis A., 2013. "A theory of vintage capital investment and energy use," UC3M Working papers. Economics we1320, Universidad Carlos III de Madrid. Departamento de Economía.
    4. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 54, August.
    5. Molinari Benedetto & Rodríguez-López Jesús & Torres José L., 2013. "Information and communication technologies over the business cycle," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 933-963, July.
    6. José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition, Paperback]," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 44.
    7. Díaz, Antonia & Franjo, Luis, 2016. "Capital goods, measured TFP and growth: The case of Spain," European Economic Review, Elsevier, vol. 83(C), pages 19-39.
    8. Shirota, Toyoichiro & Tsuchida, Satoshi, 2025. "Aggregate implications of changing industrial trends in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 75(C).
    9. Díaz Antonia & Puch Luis A., 2019. "Investment, technological progress and energy efficiency," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(2), pages 1-28, June.
    10. Daw, Georges, 2024. "Natural resources and development: new insights from strong curse to strong blessing," MPRA Paper 125145, University Library of Munich, Germany.
    11. Georges Daw, 2024. "Impact of technical change via intermediate consumption: exhaustive general equilibrium growth accounting and reassessment applied to USA 1954–1990," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 23(1), pages 55-87, January.
    12. Hidalgo Pérez, Manuel A. & O׳Kean Alonso, José María & Rodríguez López, Jesús, 2016. "Labor demand and ICT adoption in Spain," Telecommunications Policy, Elsevier, vol. 40(5), pages 450-470.
    13. Georg Duernecker, 2014. "Technology Adoption, Turbulence, And The Dynamics Of Unemployment," Journal of the European Economic Association, European Economic Association, vol. 12(3), pages 724-754, June.

    More about this item

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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