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

Author

Listed:
  • Diego Martínez

    (Universidad Pablo de Olavide)

  • Jesús Rodríguez

    (Universidad Pablo de Olavide)

  • José L. Torres

    (Universidad de Málaga)

Abstract

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.

Suggested Citation

  • Diego Martínez & Jesús Rodríguez & José L. Torres, 2008. "ICT-specific technological change and productivity growth in the US 1980-2004," Working Papers 2008-4, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
  • Handle: RePEc:mal:wpaper:2008-4
    as

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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Luis Sastre, 2016. "Exchange Rate, Cross Elasticities Between Exports and Imports and Current Account Sustainability: The Spanish Case," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 32-46, November.
    2. Jesus Lopez-Rodriguez & Diego Martinez, 2014. "Beyond the R&D effects on innovation: the contribution of non-R&D activities to TFP growth in the EU," Working Papers 2014/16, Institut d'Economia de Barcelona (IEB).
    3. Lopez-Rodriguez, Jesus & Martinez-Lopez, Diego, 2017. "Looking beyond the R&D effects on innovation: The contribution of non-R&D activities to total factor productivity growth in the EU," Structural Change and Economic Dynamics, Elsevier, vol. 40(C), pages 37-45.
    4. Keesookpuna, Chutipong & Mitomob, Hitoshi, 2012. "A developmental framework for ICT and labour productivity in the developing country: A case study of Thailand," 23rd European Regional ITS Conference, Vienna 2012 60378, International Telecommunications Society (ITS).
    5. Najeh AISSAOUI, 2017. "ICT and growth gap between nations: Evidence from MENA region," E3 Journal of Business Management and Economics., E3 Journals, vol. 8(1), pages 026-037.
    6. Hong, Jae-pyo, 2017. "Causal relationship between ICT R&D investment and economic growth in Korea," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 70-75.
    7. Keesookpuna, Chutipong & Mitomob, Hitoshi, 2011. "Examining the relationship of communication service utilisation and productivity of labour in the developing country: A case study of Thailand," 8th ITS Asia-Pacific Regional Conference, Taipei 2011: Convergence in the Digital Age 52329, International Telecommunications Society (ITS).
    8. Vu, Khuong M., 2013. "Information and Communication Technology (ICT) and Singapore’s economic growth," Information Economics and Policy, Elsevier, vol. 25(4), pages 284-300.

    More about this item

    Keywords

    New economy; information and communications technologies; specific-technological change; neutral-technological change;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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