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Nonlinearities in economic growth: A semiparametric approach applied to information technology data

  • Ketteni, Elena
  • Mamuneas, Theofanis P.
  • Stengos, Thanasis

The purpose of this paper is to examine the Information and Communication Technology (ICT) capital-economic growth nexus, taking into consideration the previously documented nonlinear relationship between initial income and human capital on the one hand and economic growth on the other. We apply nonparametric techniques for a number of OECD countries for the period 1980-2004. Specification tests provide evidence in favor of the semiparametric specification in which initial income, human capital and ICT capital enter nonlinearly.

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File URL: http://www.sciencedirect.com/science/article/B6X4M-4NKXWFF-1/2/0b558576e2f11ab0aea68bdf2106cadd
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Article provided by Elsevier in its journal Journal of Macroeconomics.

Volume (Year): 29 (2007)
Issue (Month): 3 (September)
Pages: 555-568

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Handle: RePEc:eee:jmacro:v:29:y:2007:i:3:p:555-568
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622617

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  1. Susanto Basu & John G. Fernald & Nicholas Oulton & Sylaja Srinivasan, 2003. "The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?," NBER Working Papers 10010, National Bureau of Economic Research, Inc.
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