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Article
The Long-Run Impact of ICT
Empirical Economics (2009)
  • Francesco Venturini, Polytechnic University of Marche
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.

Keywords
  • ICT,
  • economic growth,
  • panel cointegration analysis
Disciplines
Publication Date
2009
Publisher Statement
The original publication is available at springerlink.com/content/2l77878672834h82/fulltext.pdf
Citation Information
Francesco Venturini. "The Long-Run Impact of ICT" Empirical Economics Vol. 37 Iss. 3 (2009)
Available at: http://works.bepress.com/francesco_venturini/7/