Productivity growth and technological change in Europe and us

Diego Martínez, Jesús Rodríguez-López () and José L. Torres
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José L. Torres: Universidad de Málaga
Authors registered in the RePEc Author Service: Jose L. Torres ()

No E2008/12, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: This paper presents an evaluation on the technological sources of productivity growth across European countries and the U.S. for the period 1980-2004. Technological progress is divided into neutral change and investment specific change. Contribution to productivity growth from each type of technological progress is computed using a growth accounting approach and a general equilibrium approach. Concerning the growth accounting view, the neutral change dominates the effect from the implicit change, and the ICT assets provide most of the implicit technological change. Regarding the general equilibrium approach, ICT assets (specially the hardware equipment) also respond for most of the implicit change affecting productivity growth.

Keywords: Productivity growth; Investment-specific technological change; Neutral technological change. (search for similar items in EconPapers)
JEL-codes: O41 O47 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2008
New Economics Papers: this item is included in nep-bec, nep-eff and nep-fdg
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Productivity growth and technological change in Europe and the U.S (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2008_12

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