Basu, Susanto; Fernald, John G.; Oulton, Nicholas; … - 2022
communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995 … U.S. and U.K., we find a strong correlation between ICT use and industry TFP growth. The U.S. results, in particular … somewhat different picture emerges for the U.K. TFP growth does not appear correlated with lagged ICT capital growth. But TFP …