The sources of economic growth in the Basque Country, Navarre and Spain during the period 1986-2004
This paper studies the sources of economic growth in the BasqueCountry and its three historic territories (Araba, Bizkaia and Gipuzkoa), Navarre, andSpain during 1986-2004, emphasizing the role of infrastructures and Information andCommunication Technologies (ICT) on growth, and comparing the results with thoseof the EU and the US. First, the growth rate of output was higher in Navarre andSpain than in the US, and much higher than in the EU. The Basque Country exhibiteda better performance only during 1995-2004. Second, labor and capital were the mainengines of output growth. The growth in TFP was residual and even declining in theperiod 1995-2004 due to the increasing contribution of labor. Those results contrastwith the pattern for the US especially, where growth in TFP remained substantial.Third, infrastructures contributed approximately 0,10% to output growth. Fourth, thecontribution of ICT capital to output growth was around 0,35% and it increased in theperiod 1995-2004. However, it is still far from the levels for the EU and especiallythe US. Finally, the growth rate of output per hour was above 1,20%, while the BasqueCountry lagged behind. Growth in capital intensity was the main source of laborproductivity growth. While the contribution of infrastructures to the growth rate ofoutput per hour declined in the period 1995-2004, that of ICT capital increased. Neverthelessthe contribution of ICT capital to the growth rate of output per hour remainsbehind that for the EU and the US.
Volume (Year): (2008)
Issue (Month): 12 ()
|Contact details of provider:|| Postal: |
Phone: +34 93 310 11 12
Fax: +34 93 310 11 12
Web page: http://www.aecr.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Charles R. Hulten & Edwin R. Dean & Michael J. Harper, 2001. "New Developments in Productivity Analysis," NBER Books, National Bureau of Economic Research, Inc, number hult01-1, August.
- Charles R. Hulten, 2001. "Total Factor Productivity: A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54 National Bureau of Economic Research, Inc.
- Timmer, Marcel P. & Ypma, Gerard & Ark, Bart van der, 2003. "IT in the European Union: driving productivity divergence?," GGDC Research Memorandum 200363, Groningen Growth and Development Centre, University of Groningen.
- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005. "Productivity, Volume 3: Information Technology and the American Growth Resurgence," MIT Press Books, The MIT Press, edition 1, volume 3, number 0262101114, June.
- Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
- van Ark, Bart, 1998. "Productivity," Journal of the Japanese and International Economies, Elsevier, vol. 12(2), pages 171-174, June.
When requesting a correction, please mention this item's handle: RePEc:ris:invreg:0116. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julieta Llungo Ortíz)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.