ICT Diffusion and Potential Output Growth

Gilbert Cette (), Jacques MAIRESSE () and Y. Kocoglu

Documents de Travail from Banque de France

Abstract: The sustained increase in productivity gains from the spread of ICTs may increase potential output growth in the medium to long term via capital deepening effects and total factor productivity (TFP) gains, and in the short to medium term via the lagged adjustment of wages to productivity gains. The orders of magnitude resulting from the assessment data presented indicate that the medium to long-term effect could be significant. However, there does not appear to be any empirical evidence to support the existence of the temporary short to medium-term effect.

Keywords: Growth; potential output growth; ICT; investment; new economy (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Date: 2004
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Journal Article: ICT diffusion and potential output growth (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:bfr:banfra:112

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