 Growth, Technological Change, and ICT Diffusion: Recent Evidence from OECD CountriesAndrea Bassanini and Stefano Scarpetta Oxford Review of Economic Policy, 2002, vol. 18, issue 3, 324-344 Abstract: In this paper we present an overview of GDP and productivity growth patterns in OECD countries over the past decade, on the basis of harmonized data. Our evidence suggests that fast-growing countries generally shared three characteristics: improvements in labour utilization; a generalized enhancement in human capital; and rapid shifts in the composition of physical capital towards information and communication technology (ICT) equipment. Particularly, we show that technological change embodied in new ICT capital goods has been a primary source of output and productivity growth in ICT-using sectors. The international comparison allows relating growth patterns to institutional and policy indicators, thereby offering some preliminary insights into the potential sources of growth disparities. Cross-country evidence yields some tentative support to the idea that institutional factors affecting competition in the product market are likely to affect productivity patterns, especially in a period of rapid diffusion of a general-purpose technology (such as ICT). Copyright 2002, Oxford University Press. Date: 2002 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:18:y:2002:i:3:p:324-344 Access Statistics for this article Oxford Review of Economic Policy is currently edited by Christopher Adam More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited |
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