ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case? A Comparative Study of Nine OECD Countries

Alessandra Colecchia and Paul Schreyer
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Alessandra Colecchia: OECD Science, Technology and Industry Directorate
Paul Schreyer: OECD Statistics Directorate

Review of Economic Dynamics, 2002, vol. 5, issue 2, 408-442

Abstract: This paper compares the impact of ICT capital accumulation on output growth in Australia, Canada, Finland, France, Germany, Italy, Japan, the United Kingdom and the United States. Over the past two decades, ICT contributed between 0.2 and 0.5 percentage points per year to economic growth, depending on the country. During the second half of the 1990s, this contribution rose to 0.3 to 0.9 percentage points per year. Despite differences between countries, the United States has not been alone in benefitting from the positive effects of ICT capital investment on economic growth nor was the United States the sole country to experience an acceleration of these effects. ICT diffusion and ICT usage play a key role and depend on the right framework conditions, not necessarily on the existence of a large ICT producing sector. (Copyright: Elsevier)

Keywords: economic growth; ICT; capital services. (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (155)

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DOI: 10.1006/redy.2002.0170

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