ICT investments and productivity: Measuring the contribution of ICTS to growth
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 investment...
Gespeichert in:
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| Format: | Elektronisch Buchkapitel |
| Sprache: | English |
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Paris
OECD Publishing
2012
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| Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 Online-Ressource (13 Seiten) 21 x 28cm |
| DOI: | 10.1787/eco_studies-2012-5k8xdhj4tv0t |
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| 520 | |a 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. | ||
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| spelling | Spiezia, Vincenzo Verfasser aut ICT investments and productivity Measuring the contribution of ICTS to growth Vincenzo Spiezia Paris OECD Publishing 2012 1 Online-Ressource (13 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier 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. Economics https://doi.org/10.1787/eco_studies-2012-5k8xdhj4tv0t Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Spiezia, Vincenzo ICT investments and productivity Measuring the contribution of ICTS to growth Economics |
| title | ICT investments and productivity Measuring the contribution of ICTS to growth |
| title_auth | ICT investments and productivity Measuring the contribution of ICTS to growth |
| title_exact_search | ICT investments and productivity Measuring the contribution of ICTS to growth |
| title_exact_search_txtP | ICT investments and productivity Measuring the contribution of ICTS to growth |
| title_full | ICT investments and productivity Measuring the contribution of ICTS to growth Vincenzo Spiezia |
| title_fullStr | ICT investments and productivity Measuring the contribution of ICTS to growth Vincenzo Spiezia |
| title_full_unstemmed | ICT investments and productivity Measuring the contribution of ICTS to growth Vincenzo Spiezia |
| title_short | ICT investments and productivity |
| title_sort | ict investments and productivity measuring the contribution of icts to growth |
| title_sub | Measuring the contribution of ICTS to growth |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2012-5k8xdhj4tv0t |
| work_keys_str_mv | AT spieziavincenzo ictinvestmentsandproductivitymeasuringthecontributionofictstogrowth |