New technologies and productivity growth in the euro area

Abstract

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The contribution of Information and Communication Technology investments to Greek economic growth: An analytical growth accounting framework

“…We use the same parameters as BLS (Bureau of Labor Statistics) and ABS (Australian Bureau of Statistics) for equipment (b = 0.5) and structures (b = 0.75). For personal computers and software, we prefer the parameters that Vijselaar and Albers (2002) use, i.e. b = 0.95, because the decay in efficiency is relatively very limited until the asset is retired (almost ''one-hoss shay").…”

“…Van Ark et al (2002) used a broad dataset and they showed that the gains form ICT capital were higher in the United States than in Europe. Finally, Vijselaar and Albers (2002) showed that the role of ICT capital was most important in Europe in the late 1990s, but these investments did not benefit the overall economy through higher TFP growth.…”

Do ICT Influence Economic Growth and Human Development in European Union Countries?

“…A large number of studies analyze the influence of ICT on economic growth in European Union countries, including Kraemer and Dedrick (2001), Pohjola (2002, 2007), Vijselaar and Albers (2004), Timmer et al (2007) and Venturini (2009).…”

Enhancing Productivity: The Role of Management Practices

“…O'Mahony and Robinson (2003) take a more conventional approach including ICT as an extra factor of production in the TFP calculations. Vijselaar and Albers (2004) estimate the relationship between the increase in ICT using and producing sectors and aggregate TFP performance. The main result coming from these three papers is that, although ICT has a positive correlation with TFP, there is not enough evidence supporting the view that the increase in ICT investment is the reason behind the rise in USA productivity during the second half of the 1990s.…”