OECD Journal: Economic Studies

Frequency :
Annual
ISSN :
1995-2856 (online)
ISSN :
1995-2848 (print)
DOI :
10.1787/19952856
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OECD Journal: Economic Studies publishes articles in the area of economic policy analysis, applied economics and statistical analysis, generally with an international or cross-country dimension. While it draws significantly on economic papers produced by the Economics Department and other parts of the OECD Secretariat for the Organisation’s intergovernmental committees, the submission of articles produced by non-OECD authors is encouraged. We also welcome comments on articles previously published in the journal. Now published as part of the OECD Journal package.

Article
 

ICT investments and productivity

Measuring the contribution of ICTS to growth You do not have access to this content

 
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Author(s):
Vincenzo Spiezia
Publication Date
04 Jan 2013
Pages
6
Bibliographic information
No.:
6,
Volume:
2012,
Issue:
1
Pages
199–211
DOI
10.1787/eco_studies-2012-5k8xdhj4tv0t

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This study uses an econometric approach to estimate the contribution of three types of ICT investments (computer, software and communication) in 26 industries (the whole business sector) in 18 OECD countries over 1995-2007, based on the EU KLEMS Database. The estimated contribution of ICT investments to value added growth in the business sector varies from 1.0% a year in Australia to 0.4% a year in Japan. In one-third of the countries considered, the contribution of ICT investment was bigger or equal to the contribution of non-ICT investments. In most countries, computing equipment provided the largest contribution and accounted for over 50% of the overall ICT contribution. The only exceptions are Finland, where investments in communication equipment exceeded those in computing equipment, and Japan, where software was the most dynamic component of ICT investments. ICT producing industries account for no less than two-thirds of total factor productivity (TFP) growth in Germany, Slovenia and the United Kingdom, about 60% in the United States and just below 50% in France and the Netherlands. In Denmark, the Czech Republic and Italy, TFP increased in the ICT producing industries whereas it decreased for the total business sector.

JEL classification: O47, E23, E22.
Keywords: Growth accounting, ICT, GMM, EU KLEMS.