). Using an unbalanced panel data set of 85 U.S. information and communication technology (ICT) firms that survived over the …-method-of-moments estimator for linear dynamic panel models (Blundell and Bond, 1998), we document that growth in the ICT industry is not … stochastic, as predicted by Gibrat (1931), but driven by systematic factors. We find compelling evidence that in the ICT industry …

technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence … of an increased contribution of ICT to economic growth both in terms of production and investment in the second half of … the 1990s. However, there is little, if any, evidence of significant positive spillover effects from the use of ICT to …

to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP … in ICT equipment) and disembodied components of technical progress. The possible relation between improvements in MFP and …