English, Article, Journal or magazine article edition: Productivity growth and technological change in Europe and the U.S. Diego Martínez; Jesús Rodríguez-López; José L. Torres

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Bookmark: http://trove.nla.gov.au/version/145023
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Productivity growth and technological change in Europe and the U.S.
Author
  • Diego Martínez
  • Jesús Rodríguez-López
  • José L. Torres
Physical Description
  • preprint
Notes
  • This paper presents an evaluation on the technological sources of labor productivity growth across European countries and the US economy for the period 1980-2004. Assets of capital are divided into those related to the information and communication technologies (ICT), and non-ICT assets. Technological progress is divided into neutral change and investment specific change. Previous exercises have aimed at ICT as a serious contributor to the upsurge of US productivity from 1995 on. Contribution to productivity growth from each type of technological progress for the US and EU-15 countries is computed using two different approaches: a growth accounting and a general equilibrium. The US and Denmark are the countries with the larger contribution from ICT-technological progress. Overall, we find that Europe is well behind the US in terms of the effects of ICT technological change.
  • RePEc:mal:wpaper:2008-10
Language
  • English
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