On the contribution of information and communication technology to productivity growth in Australia

Md Shahiduzzaman (), Allan Layton () and Khorshed Alam ()

Economic Change and Restructuring, 2015, vol. 48, issue 3, 304 pages

Abstract: This paper revisits the so-called ‘ICT-productivity paradox’ from a long-run perspective by using annual Australian data for 1965–2013. It provides estimates of long-run and short-run elasticities of labour productivity with respect to ICT capital deepening, and explores the nature of long-run causality among productivity growth and ICT and non-ICT capital deepening. The estimates of long-run elasticities are derived by employing both time-series and panel data econometric techniques. The empirical results provide strong confirmatory evidence of the long-run impact of ICT capital deepening on labour productivity in Australia. Copyright Springer Science+Business Media New York 2015

Keywords: Information and communication technology; Capital deepening; Productivity; O1; O4; O5 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10644-015-9171-9

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