The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data

Ignacio Hernando and Soledad Núñez ()
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Soledad Núñez: Banco de España

Investigaciones Economicas, 2004, vol. 28, issue 2, 315-348

Abstract: This paper applies a well-established growth accounting framework to measure the contribution of ICT inputs to output and labour productivity growth in Spain, using a sample of 1300 firms per year over 1991-2000. Firm-level data are helpful to overcome the availability lags and the mismeasurement of capital stocks associated with the use of aggregate data. We find that: 1) The use of ICT inputs has made a positive and significant contribution to output and productivity growth. 2) This contribution was higher in the second half of the 1990s. 3) At a sectoral level, there is a general rise in the share of ICT in total capital and a general reduction in ICT cost shares. (Copyright: Fundación SEPI)

Keywords: Information and communication technologies; growth accounting; technological change (search for similar items in EconPapers)
JEL-codes: D24 L63 O33 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (2)

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Working Paper: The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data (2002)
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