Productivity Growth and the Role of ICT in the United Kingdom: An Industry View, 1970-2000

Nicholas Oulton and Sylaja Srinivasan

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970-2000. The dataset is for 34 industries covering the whole economy (31 in the market sector). Using growth accounting, we find that ICT capital played an increasingly important, and in the 1990s the dominant, role in accounting for labour productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric evidence that a boom in complementary investment in the 1990s could have led to a decline in the conventional measure of TFP growth.

Keywords: productivity; TFP; ICT (search for similar items in EconPapers)
JEL-codes: D24 O47 O52 (search for similar items in EconPapers)
Date: 2005-03
New Economics Papers: this item is included in nep-bec, nep-eff, nep-ict and nep-ino
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Citations: View citations in EconPapers (14)

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Working Paper: Productivity growth and the role of ICT in the United Kingdom: an industry view, 1970-2000 (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0681

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