Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229608
Authors: 
Elstner, Steffen
Grimme, Christian
Kecht, Valentin
Lehmann, Robert
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8790
Abstract: 
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR with medium-run restrictions. Using local projections to estimate the effect of ICT-related technology gains on sectoral technology (TFP), we find two sets of results. First, since the mid-2000s there have been positive and persistent technology spillovers to sectors intensively using ICT. Second, neglecting leasing activity leads to an overestimation of the TFP response for all sectors except the leasing sector, where it is strongly underestimated.
Subjects: 
digitization
information and communications technology
technology shocks
local projections
structural VARs
medium-run restrictions
growth accounting
JEL: 
C32
D24
E22
E24
O33
O47
O52
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.