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How Much Does IT Consumption Matter for Growth? Evidence from National Accounts

Francesco Venturini ()

Rivista di Politica Economica, 2005, vol. 95, issue 1, 57-110

Abstract: The literature on the new economy has thus far paid little attention to households' adoption of Information Technologies, leaving unassessed a sizeable part of the IT-led growth. This work fills such a gap carrying out a growth accounting analysis on a wide group of EU countries and the US. It shows that, aside from Denmark and UK, Europe has benefited from a smaller growth contribution from IT consumption than the US. Overall, the divergence in the dynamic pattern of growth between these two regions results widely dependent on a different application of ICT, both for production and consumption purposes.

JEL-codes: E21 E22 O3 O4 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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