Productivity growth and technological change in Europe and the U.S

Diego Martínez, Jesús Rodríguez-López () and Jose Torres ()

No 2008-10, Working Papers from Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center

Abstract: This paper presents an evaluation on the technological sources of labor productivity growth across European countries and the US economy for the period 1980-2004. Assets of capital are divided into those related to the information and communication technologies (ICT), and non-ICT assets. Technological progress is divided into neutral change and investment specific change. Previous exercises have aimed at ICT as a serious contributor to the upsurge of US productivity from 1995 on. Contribution to productivity growth from each type of technological progress for the US and EU-15 countries is computed using two different approaches: a growth accounting and a general equilibrium. The US and Denmark are the countries with the larger contribution from ICT-technological progress. Overall, we find that Europe is well behind the US in terms of the effects of ICT technological change.

Keywords: Productivity growth; Investment-specific technological change; Neutral technological change (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2008-10
New Economics Papers: this item is included in nep-bec, nep-eec and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://theeconomics.uma.es/malagawpseries/Papers/METCwp2008-10.pdf First version, 2008 (application/pdf)

Related works:
Working Paper: Productivity growth and technological change in Europe and us (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mal:wpaper:2008-10

Access Statistics for this paper

More papers in Working Papers from Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Ascension Andina ().