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

  • Diego Martínez López

    ()

    (Department of Economics, Universidad Pablo de Olavide)

  • Jesús Rodríguez López

    ()

    (Department of Economics, Universidad Pablo de Olavide)

  • José Luis Torres Chacón

    ()

    (Departamento de Teoría e Historia Económica, 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 embedded in hardware equipment is the main leading non-neutral force of the U.S. productivity 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://www.upo.es/serv/bib/wps/econ0805.pdf
File Function: First version, 2008
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Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 08.05.

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Length: 21 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:pab:wpaper:08.05
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  22. Marcel P. Timmer & Bart van Ark, 2005. "Does information and communication technology drive EU-US productivity growth differentials?," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 693-716, October.
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