Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/152556 
Year of Publication: 
2002
Series/Report no.: 
ECB Working Paper No. 122
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper provides an overview of the currently available evidence on the importance of information and communication technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence of an increased contribution of ICT to economic growth both in terms of production and investment in the second half of the 1990s. However, there is little, if any, evidence of significant positive spillover effects from the use of ICT to overall productivity growth. This implies that there is no reason to believe that potential output growth in the euro area has increased significantly in recent years on account of new technologies
Subjects: 
average labour productivity
capital stock
euro area
growth accounting
Information and communication technologies
measurement issues
sectoral developments
JEL: 
E22
L63
L86
O3
O47
Document Type: 
Working Paper

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