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(ICT)? We analyze this question based on a growth accounting approach at the level of final output. This approach traces … better products have become available to final users, in particular consumers, as a result of the diffusion of ICT. A main … result is that more than half of the productivity gains related to ICT capital deepening for manufactured goods are …
Persistent link: https://www.econbiz.de/10012146257
Using a growth accounting framework, we find that developing Asia grew rapidly over the past 3 decades mainly due to robust growth in capital accumulation. The contributions of education and total factor productivity in the region's past economic growth remain relatively limited. Our baseline...
Persistent link: https://www.econbiz.de/10008749709
The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
This study estimates Climate Adjusted Total Factor Productivity (CATFP) for agriculture in Latin America and Caribbean (LAC) countries, while also providing comparisons with several regions of the world. Climatic variability is introduced in Stochastic Production Frontier (SPF) models by...
Persistent link: https://www.econbiz.de/10011339428
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10008658803
industries with varying degrees of ICT intensity. Intangible capital appears to be significantly more productive in ICT …-intensive sectors than in those that use little ICT. This finding remains robust across various alternative industry ICT intensity … measures and aligns with the prior firm-level studies that place emphasis on the complementary role of intangible assets in ICT …
Persistent link: https://www.econbiz.de/10010416341
This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing … regressions confirm the positive relationship between ICT capital and GDP growth. The regressions for the subsamples of developing …, emerging and developed countries do not reveal statistically significant differences of the output elasticity of ICT between …
Persistent link: https://www.econbiz.de/10010458249
ICT-intensive firms are often found to have a better performance than their non-ICTintensive counterparts. Along with … investing in ICT capital they have to adapt their production and business processes in order to reap the potentials implied by … the use of ICT. Are these firms also more resilient in times of crisis? We study this question by exploiting a novel and …
Persistent link: https://www.econbiz.de/10011701679
Surprisingly, little is known about the cross-country effect of information and communication technology (ICT) on … technology is positively correlated with income inequality. However, whether and how ICT affects wealth inequality is less … contributes to this new literature by investigating the effect of ICT on wealth inequality in a sample of 45 developed and …
Persistent link: https://www.econbiz.de/10012617696
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10011575139