Information Technology and The World Growth Resurgence

Dale Jorgenson and Khuong Vu

Hi-Stat Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and fourteen major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia.

Keywords: growth; investment; productivity; information technology (search for similar items in EconPapers)
JEL-codes: O47 (search for similar items in EconPapers)
Date: 2006-08
New Economics Papers: this item is included in nep-eff and nep-sea
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Information Technology and the World Growth Resurgence (2007)
Journal Article: Information Technology and the World Growth Resurgence (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hst:hstdps:d06-181

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