Testing Significance of Contributions in Growth Accounting, with Application to Testing ICT Impact on Labor Productivity of Developed Countries

In this work we develop a framework for statistical testing of significance of contributions to changes in economic growth rates (and productivity changes) in the Solow¡¦s growth accounting framework, which is the main contribution of the paper. We then also illustrate the developed methodology for testing significance of the impact of information and communication technologies capital on the labor productivity distribution of developed countries in 1980¡V1995.