ICT, productivity and economic growth: the empirical contribution of Jorgenson, Ho and Stiroh
Joan Torrent i Sellens (jtorrent@uoc.edu)
Director of Economics and Business Studies at the UOC
Coordinator of the research group of the Observatory of the New Economy (ONE)
abstract
In the process of transition from an industrial economy to a global, knowledge-based economy, investment and the use of information and communication technologies (ICTs) have become an explanatory factor determining the advances in productivity and, consequently, of economic growth. This article starts from the critical analysis of the book Information Technology and the American Growth Resurgence, by Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh, an analytical and empirical contribution, from both the aggregate and sectorial point of view, to the contribution of ICTs to the economic and productivity growth of the USA and the G7 group of countries (USA, Canada, United Kingdom, France, Germany, Italy and Japan). The results of the research are conclusive in relation to the fact that, since the second half of the 1990s, ICTs have played a determining and growing role in explaining the advances of work productivity, especially through improvements in the efficiency of these economies.
keywords
knowledge economy, information and communication technologies (ICT), work productivity, capital dependence, total factor productivity, TFP, economic growth
Submission date: January 2006
Published in: March 2006
in-depth
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analysis and debate
Ten Years of (Everyday) Life on the Screen: A Critical Re-reading of the Proposal of Sherry Turkle, by Julio Meneses
ICT, productivity and economic growth: the empirical contribution of Jorgenson, Ho and Stiroh, by Joan Torrent
miscellany
Opportunities and Challenges of the Textile Industry in the Knowledge Economy: Towards a Network Company Model, by Pilar Martínez and Ana Isabel Jiménez
Criteria for Migration to Linux in Local Administrations of the EU. The Cases of Munich and Newham, by Daniel Reina
Alfabetismos digitales. Comunicación, innovación y educación en la era electrónica, by Ilana Snyder. By Jordi Planella
Making It Personal: How to Profit from Personalization without Invading Privacy, by Bruce Kasanoff. By Julià Minguillón
JORGENSON, Dale; HO, Mun S.; STIROH, Kevin (2005). Productivity, volume 3: Information Technology and the American Growth Ressurgence
LATOUR, Bruno (2005). Reassembling the Social: an Introduction to Actor-Network-Theory
MORVILLE, Peter (2005). Ambient Findability
SHANE, Peter (2004). Democracy Online: the Prospects for Political Renewal through the Internet.
TIRADO, Francisco (2004). Cyborgs y extituciones: nuevas formas para lo social
ZHANG, Yanchun; XU YU, Jeffrey; HOU, Jingyu (2005). Web Communities: Analysis and Construction
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