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How Much Does IT Consumption Matter for Growth? Evidence from National Accounts

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  • Francesco Venturini

    ()

    (Università Politecnica delle Marche, Ancona)

Abstract

The literature on the new economy has thus far paid little attention to households' adoption of Information Technologies, leaving unassessed a sizeable part of the IT-led growth. This work fills such a gap carrying out a growth accounting analysis on a wide group of EU countries and the US. It shows that, aside from Denmark and UK, Europe has benefited from a smaller growth contribution from IT consumption than the US. Overall, the divergence in the dynamic pattern of growth between these two regions results widely dependent on a different application of ICT, both for production and consumption purposes.

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Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 95 (2005)
Issue (Month): 1 (January-February)
Pages: 57-110

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Handle: RePEc:rpo:ripoec:v:95:y:2005:i:1:p:57-110
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Find related papers by JEL classification:

  • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
  • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
  • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
  • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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Cited by:

  1. Venturini Francesco, 2007. "ICT and Productivity Resurgence: A Growth Model for the Information Age," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-26, August.
  2. Andrea Fumagalli & Stefano Lucarelli, 2010. "Cognitive Capitalism as a Financial Economy of Production," Quaderni di Dipartimento 127, University of Pavia, Department of Economics and Quantitative Methods.
  3. Fumagalli, Andrea & Lucarelli, Stefano, 2007. "A model of Cognitive Capitalism: a preliminary analysis," MPRA Paper 28012, University Library of Munich, Germany.

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