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- Title
ICT and productivity growth in the 1990s: panel data evidence on Europe.
- Authors
Dahl, Christian M.; Kongsted, Hans Christian; Sørensen, Anders
- Abstract
What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, the authors provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.
- Subjects
EUROPE; INFORMATION &; communication technologies; PANEL analysis; INFORMATION technology &; economics; EFFECT of technological innovations on industrial productivity; MACROECONOMICS
- Publication
Empirical Economics, 2011, Vol 40, Issue 1, p141
- ISSN
0377-7332
- Publication type
Article
- DOI
10.1007/s00181-010-0421-4