The Productivity Paradox and the New Economy: The Spanish Case

Jesús Rodríguez López (), Diego Martínez and Jose Torres ()
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Jesús Rodríguez López: Department of Economics, Universidad Pablo de Olavide
Authors registered in the RePEc Author Service: Jesús Rodríguez-López ()

No 07.01, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: This paper studies the impact of the information and communication technologies (ICT) on economic growth in Spain using a dynamic general equilibrium approach. Contrary to previous works, we use a production function with six different capital inputs, three of them corresponding to ICT assets. Calibration of the model suggests that the contribution of ICT to Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally, over the sample period 1995-2002, we find a negative TFP and productivity growth. These results together aim at the hypothesis that the Spanish economy could be placed within the productivity paradox.

Keywords: New economy; information and communication technologies; technological change; productivity paradox. (search for similar items in EconPapers)
JEL-codes: E22 O30 O40 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2007-01
New Economics Papers: this item is included in nep-dge, nep-eec, nep-eff, nep-ino and nep-mac
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Citations: View citations in EconPapers (6)

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http://www.upo.es/serv/bib/wps/econ0701.pdf First version, 2007 (application/pdf)

Related works:
Journal Article: The productivity paradox and the new economy: The Spanish case (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:07.01

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