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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.

Suggested Citation

  • Francesco Venturini, 2005. "How Much Does IT Consumption Matter for Growth? Evidence from National Accounts," Rivista di Politica Economica, SIPI Spa, vol. 95(1), pages 57-110, January-F.
    • Handle: RePEc:rpo:ripoec:v:95:y:2005:i:1:p:57-110
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    Cited by:

    1. Fumagalli, Andrea & Lucarelli, Stefano, 2007. "A model of cognitive capitalism. A preliminary analysis," European Journal of Economic and Social Systems, Lavoisier, vol. 20(1), pages 117-133.
    2. 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.
    3. Fumagalli, Andrea & Lucarelli, Stefano, 2008. "Cognitive Capitalism as a Financial Economy of Production," MPRA Paper 27989, University Library of Munich, Germany.

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    More about this item

    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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