Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/44512
Authors: 
Jalava, Jukka
Kavonius, Ilja Kristian
Year of Publication: 
2008
Series/Report no.: 
ETLA discussion paper 1132
Abstract: 
The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting computations demonstrated that the capital services of durables contributed one-tenth of economic growth and one-eight of labour productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity growth.
Subjects: 
durable good
asset
productivity
ICT
growth accounting
capital services
household production
JEL: 
E13
E21
E22
O11
O47
O52
Document Type: 
Working Paper

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