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On the contribution of information and communication technology to productivity growth in Australia

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  • Md Shahiduzzaman

    ()

  • Allan Layton

    ()

  • Khorshed Alam

    ()

Abstract

This paper revisits the so-called ‘ICT-productivity paradox’ from a long-run perspective by using annual Australian data for 1965–2013. It provides estimates of long-run and short-run elasticities of labour productivity with respect to ICT capital deepening, and explores the nature of long-run causality among productivity growth and ICT and non-ICT capital deepening. The estimates of long-run elasticities are derived by employing both time-series and panel data econometric techniques. The empirical results provide strong confirmatory evidence of the long-run impact of ICT capital deepening on labour productivity in Australia. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Md Shahiduzzaman & Allan Layton & Khorshed Alam, 2015. "On the contribution of information and communication technology to productivity growth in Australia," Economic Change and Restructuring, Springer, vol. 48(3), pages 281-304, November.
  • Handle: RePEc:kap:ecopln:v:48:y:2015:i:3:p:281-304
    DOI: 10.1007/s10644-015-9171-9
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    References listed on IDEAS

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    Cited by:

    1. Andrew Reeson & Lachlan Rudd, 2016. "ICT Activity, Innovation and Productivity: An Analysis of Data From Australian Businesses," Economic Papers, The Economic Society of Australia, vol. 35(3), pages 245-255, September.

    More about this item

    Keywords

    Information and communication technology; Capital deepening; Productivity; O1; O4; O5;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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