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ICT-specific technological change and productivity growth in the US 1980-2004

  • Diego Martínez

    (Universidad Pablo de Olavide)

  • Jesús Rodríguez

    (Universidad Pablo de Olavide)

  • José L. Torres

    (Universidad de Málaga)

This paper studies the impact of the information and communication technologies (ICT) on U.S. economic growth using a dynamic general equilibrium approach. We use a production function with six different capital inputs, three of them corresponding to ICT assets and other three to non-ICT assets. We find that the technological change mbedded in hardware equipment is the main leading non-neutral force of the U.S. roductivity growth and accounts for about one quarter of it during the period 1980-2004. As a whole, ICT-specific technological change accounts for about 35% of total labor productivity growth.

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File URL: http://webdeptos.uma.es/THEconomica/malagawpseries/Papers/METCwp2008-4.pdf
File Function: First version, 2008
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Paper provided by Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center in its series Working Papers with number 2008-4.

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Length: 24 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:mal:wpaper:2008-4
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Web page: http://webdeptos.uma.es/THEconomica/malagawpseries/METC.html
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