Article
The long-run impact of ICT
Empirical Ecomomics
(2009)
Abstract
This paper examines the growth impact of digital capital in the US and the EU-15 countries from a long-run perspective. It estimates the elasticity of output with respect to Information and Communication Technology (ICT) within a production function framework, by means of a panel cointegration analysis. ICT capital is found to significantly spur GDP growth over time, and above its income share. This sharply contrasts with existing aggregate evidence, and with the view that the growth impact of this factor is confined to the contribution given to the productivity resurgence of the 1990s.
Disciplines
Publication Date
2009
Citation Information
Francesco Venturini. "The long-run impact of ICT" Empirical Ecomomics Vol. 37 Iss. 3 (2009) p. 497 - 515 Available at: http://works.bepress.com/francesco_venturini/59/