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dc.contributor.authorStrauss, Huberten_US
dc.contributor.authorSamkharadze, Besiken_US
dc.date.accessioned2012-01-11en_US
dc.date.accessioned2012-01-12T11:00:36Z-
dc.date.available2012-01-12T11:00:36Z-
dc.date.issued2011en_US
dc.identifier.citationEIB Papers 0257-7755 16 2011 2 8-28en_US
dc.identifier.urihttp://hdl.handle.net/10419/54664-
dc.description.abstractICT capital is an important driver of productivity growth. Using data from the EUKLEMS growth accounts, we show that ICT has made smaller contributions to labour productivity growth in the EU-15 than in the US, both at the macro level and at the level of individual sectors. At the same time, progress in productive efficiency - as measured by total factor productivity (TFP) growth - sharply declined in Europe and has remained weak since the mid-1990s whereas the US has seen acceleration in TFP. The near-stagnant TFP in market services in the EU-15 is particularly worrying. In both the EU-15 and the US, the growth contributions from ICT are found to be smaller than those from TFP. However, our empirical analysis suggests that the full effect of ICT capital on productivity is larger than what the growth accounts suggest because many ICT benefits occur with a delay.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.subject.ddc330en_US
dc.titleICT capital and productivity growthen_US
dc.typeArticleen_US
dc.identifier.ppn682752967en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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