“…First, productivity growth and technological improvements in ICT-producing sectors could directly affect aggregate productivity proportional to the size of the ICT sector (Gordon, 2000, 2012; Jorgenson et al, 2002, 2008; Van Ark et al, 2008). Bearing in mind that such technologies are pivotal in generation, storage and transmission of information and in reduction of market failures related to information asymmetries (Atrostic et al, 2004; Arvanitis and Loukis, 2009; Cardona et al, 2013; Gilchrist et al, 2001), ICTs have an indirect effect on productivity that is mostly observable in sectors using them. More specifically, “ICT are enablers of product, process and organizational innovation in ICT-using sectors, and this, according to Bresnahan and Trajtenberg (1995), qualifies them as General Purpose Technologies (GPT): technologies that are pervasive – i.e.…”