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ICT-specific technological change and productivity growth in the US: 1980-2004

  • Martínez, Diego
  • Rodríguez, Jesús
  • Torres, José L.

This paper studies the impact of information and communication technologies (ICT) on US economic growth using a dynamic general equilibrium approach. A production function with six different capital inputs is used, three of them corresponding to ICT assets and the other three to non-ICT assets. The technological change embedded in hardware equipment is found to be the main leading non-neutral force in US productivity growth, accounting for about one quarter of total growth during the period 1980-2004. As a whole, ICT-specific technological change accounts for about 35% of total growth in labor productivity.

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Article provided by Elsevier in its journal Information Economics and Policy.

Volume (Year): 22 (2010)
Issue (Month): 2 (May)
Pages: 121-129

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Handle: RePEc:eee:iepoli:v:22:y:2010:i:2:p:121-129
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505549

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