The productivity paradox and the new economy: The Spanish case

Diego Martínez, Jesús Rodríguez-López () and Jose Torres ()

Journal of Macroeconomics, 2008, vol. 30, issue 4, 1569-1586

Abstract: This paper studies the impact of the information and communication technologies (ICT) on economic growth in Spain using a dynamic general equilibrium approach. Contrary to previous works, we use a production function with six different capital inputs, three of them corresponding to ICT assets. Calibration of the model suggests that the contribution of ICT to Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally, over the sample period 1995-2002, we find a negative TFP growth and productivity growth. These results together aim at the hypothesis that the Spanish economy could be placed within the productivity paradox.

Keywords: New; economy; Information; and; communication; technologies; Technological; change; Productivity; paradox (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

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Working Paper: The Productivity Paradox and the New Economy: The Spanish Case (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:30:y:2008:i:4:p:1569-1586

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