This paper revisits the so-called ‘ICT-productivity paradox' from a long-run perspective by using annual Australian data for about five decades. It provides estimates of long-run and short-run elasticities of labour productivity with respect to ICT capital deepening, explores the nature of...

In this paper we describe our investigation of the role of investment in information technology (IT) on economic output and productivity in Australia over a period of about four decades. The framework used in this paper is the aggregate production function, where IT capital is considered as a...