Productivity, innovation and ICT in Old and New Europe
This paper investigates the productivity performance of CEE countries vis-Ã -vis the EU-15 during the 1990s to detect sources of convergence between the two regions. The paper shows that changes in labour intensity have been an important source of productivity convergence during the 1990s, and are likely to remain so in the near future. It is also found that despite lower income levels, ICT capital in the CEE-10 has contributed as much to labour productivity growth as in the EU-15. Industry analysis shows that manufacturing industries that have invested heavily in ICT have been key to the restructuring process. As such ICT may therefore have been an important source of growth but probably temporary source of convergence. In the longer run the impact of ICT on growth will have to come primarily from its productive use in services. The paper therefore includes a New Economy Indicator that reflects the existence of conducive environment for continued ICT investment and diffusion. It shows that further reforms are much needed for CEE countries to enter a second convergence phase in the coming decades. Copyright Springer-Verlag Berlin Heidelberg 2004
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Volume (Year): 1 (2004)
Issue (Month): 2 (January)
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References listed on IDEAS
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- Marcin Piatkowski, 2003. "The Contribution of ICT Investment to Economic Growth and Labor Productivity in Poland 1995-2000," Development and Comp Systems 0308002, EconWPA.
- Kolodko, Grzegorz W., 2000. "From Shock to Therapy: The Political Economy of Postsocialist Transformation," OUP Catalogue, Oxford University Press, number 9780198297437.
- Francesco Daveri, 2002.
"The New Economy in Europe, 1992--2001,"
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- Francesco Daveri, "undated". "The new economy in Europe (1992-2001)," Working Papers 213, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Daveri, Francesco, 2002. "The New Economy in Europe, 1992-2001," WIDER Working Paper Series 070, World Institute for Development Economic Research (UNU-WIDER).
- Marcin Piatkowski, 2004. "Does ICT Investment Matter for Growth and Labor Productivity in Transition Economies?," Development and Comp Systems 0402008, EconWPA.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Piatkowski, Marcin, 2002. "The 'New Economy' and Economic Growth in Transition Economies," WIDER Working Paper Series 062, World Institute for Development Economic Research (UNU-WIDER). Full references (including those not matched with items on IDEAS)
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