ICT and productivity growth in the 1990s: panel data evidence for Europe

Hans Christian Kongsted; Christian  Dahl; Anders  Sørensen

doi:10.1007/s00181-010-0421-4

ICT and productivity growth in the 1990s: panel data evidence for Europe

Hans Christian Kongsted, Christian Dahl, Anders Sørensen

Økonomisk Institut

23 Citationer (Scopus)

Abstract

What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, the authors provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.

Originalsprog	Engelsk
Tidsskrift	Empirical Economics
Vol/bind	40
Udgave nummer	1
Sider (fra-til)	141-164
Antal sider	24
ISSN	0377-7332
DOI	https://doi.org/10.1007/s00181-010-0421-4
Status	Udgivet - feb. 2011

Adgang til dokumentet

10.1007/s00181-010-0421-4

Citationsformater

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title = "ICT and productivity growth in the 1990s: panel data evidence for Europe",

abstract = "What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, the authors provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.",

author = "Kongsted, {Hans Christian} and Christian Dahl and Anders S{\o}rensen",

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AU - Dahl, Christian

AU - Sørensen, Anders

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PY - 2011/2

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N2 - What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, the authors provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.

AB - What has been the quantitative effect on productivity growth of information and communication technology (ICT) in Europe after 1995? Based on a multi-country sectoral panel data set, the authors provide econometric evidence of positive and significant productivity effects of ICT in Europe, mainly due to advances in total factor productivity. The impact of ICT in Europe has happened against a negative macro economic shock not related to ICT. This is in contrast to the established evidence for the US. Our main results challenge the consensus in the growth-accounting literature that there has been no acceleration of productivity growth in Europe, mainly due to a dismal performance of ICT-using sectors.

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