Productivity growth and the role of ICT in the United Kingdom: an industry view, 1970-2000

Nicholas Oulton and Sylaja Srinivasan

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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)
Pages: 43 pages
Date: 2005-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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http://eprints.lse.ac.uk/19901/ Open access version. (application/pdf)

Related works:
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:ehl:lserod:19901

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