The productivity paradox and the new economy: The Spanish case
This paper studies the impact of the information and communication technologies (ICT) on economic growth in Spain using a dynamic general equilibrium approach. Contrary to previous works, we use a production function with six different capital inputs, three of them corresponding to ICT assets. Calibration of the model suggests that the contribution of ICT to Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally, over the sample period 1995-2002, we find a negative TFP growth and productivity growth. These results together aim at the hypothesis that the Spanish economy could be placed within the productivity paradox.
Year of publication: |
2008
|
---|---|
Authors: | Martínez, Diego ; Rodríguez, Jesús ; Torres, José L. |
Published in: |
Journal of Macroeconomics. - Elsevier, ISSN 0164-0704. - Vol. 30.2008, 4, p. 1569-1586
|
Publisher: |
Elsevier |
Keywords: | New economy Information and communication technologies Technological change Productivity paradox |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
ICT-specific technological change and productivity growth in the US: 1980-2004
Martínez, Diego, (2010)
-
ICT-specific technological change and productivity growth in the US 1980-2004
Martínez, Diego, (2008)
-
ICT-specific technological change and productivity growth in the US 1980 - 2004
Martínez-López, Diego, (2008)
- More ...