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Testing Significance of Contributions in Growth Accounting, with Application to Testing ICT Impact on Labor Productivity of Developed Countries

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  • Valentin Zelenyuk

    (School of Economics and Centre for Efficiency and Productivity Analysis, The University of Queensland, Australia)

Abstract

In this work we develop a framework for statistical testing of significance of contributions to changes in economic growth rates (and productivity changes) in the Solow¡¦s growth accounting framework, which is the main contribution of the paper. We then also illustrate the developed methodology for testing significance of the impact of information and communication technologies capital on the labor productivity distribution of developed countries in 1980¡V1995.

Suggested Citation

  • Valentin Zelenyuk, 2014. "Testing Significance of Contributions in Growth Accounting, with Application to Testing ICT Impact on Labor Productivity of Developed Countries," International Journal of Business and Economics, College of Business and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 13(2), pages 115-126, December.
  • Handle: RePEc:ijb:journl:v:13:y:2014:i:2:p:115-126
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    References listed on IDEAS

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    1. Bart van Ark & Marcin Piatkowski, 2004. "Productivity, innovation and ICT in Old and New Europe," International Economics and Economic Policy, Springer, vol. 1(2), pages 215-246, January.
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    4. Charles I. Jones, 1997. "On the Evolution of the World Income Distribution," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 19-36, Summer.
    5. Leopold Simar & Valentin Zelenyuk, 2006. "On Testing Equality of Distributions of Technical Efficiency Scores," Econometric Reviews, Taylor & Francis Journals, vol. 25(4), pages 497-522.
    6. Pagan,Adrian & Ullah,Aman, 1999. "Nonparametric Econometrics," Cambridge Books, Cambridge University Press, number 9780521355643, October.
    7. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2008. "Technological Change and Transition: Relative Contributions to Worldwide Growth During the 1990s," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(4), pages 461-492, August.
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    11. Oulton,Nicholas & O'Mahony,Mary, 1994. "Productivity and Growth," Cambridge Books, Cambridge University Press, number 9780521453455, October.
    12. Subodh Kumar & R. Robert Russell, 2002. "Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence," American Economic Review, American Economic Association, vol. 92(3), pages 527-548, June.
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    Citations

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    Cited by:

    1. repec:kap:jproda:v:47:y:2017:i:3:d:10.1007_s11123-017-0497-3 is not listed on IDEAS
    2. Luboš Marek & Petr Doucek, 2016. "Vývoj mezd a příjmové nerovnosti u ICT odborníků v České republice
      [Wages Development and its Non-Equality by ICT Professionals in The Czech Republic]
      ," Politická ekonomie, University of Economics, Prague, vol. 2016(8), pages 922-938.
    3. Yılmaz Kılıçaslan & Robin C. Sickles & Aliye Atay Kayış & Yeşim Üçdoğruk Gürel, 2017. "Impact of ICT on the productivity of the firm: evidence from Turkish manufacturing," Journal of Productivity Analysis, Springer, vol. 47(3), pages 277-289, June.
    4. repec:kap:jproda:v:47:y:2017:i:3:d:10.1007_s11123-017-0503-9 is not listed on IDEAS

    More about this item

    Keywords

    growth and productivity; developed countries; ICT impact;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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