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The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries

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  • Paul Schreyer

Abstract

This paper deals with the contribution of information and communication technology (ICT) to economic growth and to labour and multi-factor productivity. It uses a well-established growth accounting framework to assess the role of ICTs as capital inputs and the contribution of these capital inputs to output growth. The paper provides an international perspective by presenting results for the G7 countries. For this purpose, data on ICT investment expenditure were compiled from several sources, to construct measures of ICT capital stocks and capital services. Special care was taken to account for the methodological differences in price deflators for computers as they exist across OECD countries. For all seven countries, the report finds that ICT capital goods have been important contributors to economic growth, although the role of ICT has been most accentuated in the United States. An important limitation of the study lies in the timeliness of internationally comparable data. ... Cette étude examine la contribution des technologies de l’information et de la communication (TIC) à la croissance économique, ainsi qu’à la productivité du travail et à la productivité totale des facteurs. Elle s’appuie sur un cadre éprouvé d’analyse causale de la croissance pour évaluer le rôle des TIC en tant qu’apports de capital et la contribution de ces apports à la croissance de la production. L’étude propose un tour d’horizon international en présentant les résultats des pays du G7. A cette fin, des données sur les dépenses d’équipement en TIC ont été recueillies auprès de plusieurs sources et classées de façon à obtenir des mesures du stock de capital sous forme de TIC et des services tirés de ce capital. Les différences méthodologiques entre les pays de l’OCDE en ce qui concerne les coefficients d’ajustement des prix des ordinateurs ont été soigneusement prises en compte. Il apparaît que les biens d’équipement des TIC ont joué un rôle important dans la croissance ...

Suggested Citation

  • Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
  • Handle: RePEc:oec:stiaaa:2000/2-en
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    File URL: http://dx.doi.org/10.1787/151634666253
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