Productivity growth and the role of ICT in the United Kingdom
Subtitle: an industry view, 1970-2000
By: Nicholas Oulton and Sylaja Srinivasan.
Contributors: Srinivasan, Sylaja.; London School of Economics and Political Science. Centre for Economic Performance.
Series: CEP discussion paper ;; no. 681; Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;; no. 681.
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2005
Place of publication: London
Language: eng
Format: Electronic resource
Description: "We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970-2000. The dataset is for 34 industries covering the whole economy (31 in the market sector). Using growth accounting, we find that ICT capital played an increasingly important, and in the 1990s the dominant, role inaccounting for labour productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric evidence that a boom in complementary investment in the 1990s could have led to a decline in the conventional measure of TFP growth."
Notes: Includes bibliographical references.
Title from PDF file (viewed on Apr. 8, 2005).
"March 2005."
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