Technological sources of productivity growth in Japan, the U.S. and Germany

Jesús Rodríguez López () 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 09.09, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: In this paper, we use a dynamic general equilibrium growth model to quantify the contribution of different technological sources to productivity growth in the three leading economies: Germany, Japan, and the U.S. The sources of technology are classified as representing either neutral progress or investment-specific progress. The latter can be split into two different types of equipment: information and communication technologies (ICT) and non-ICT equipment. We find that in the long run, neutral technological change is the main source of productivity growth in Germany. For Japan and the U.S., the main source of productivity growth is investment-specific technological change, mainly associated with ICT. We also find that a non negligible part of productivity growth has been due to technology specific to non-ICT equipment; this is mainly true after 1995.

Keywords: Productivity growth; Investment-specific progress; Neutral progress; Information and communication technology. (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2009-11, Revised 2010-03
New Economics Papers: this item is included in nep-bec, nep-dge, nep-eff and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://www.upo.es/serv/bib/wps/econ0909.pdf First version, 2009 (application/pdf)
http://www.upo.es/serv/bib/wps/econ0909R.pdf Revised version, 2010 (application/pdf)

Related works:
Journal Article: TECHNOLOGICAL SOURCES OF PRODUCTIVITY GROWTH IN GERMANY, JAPAN, AND THE UNITED STATES (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:09.09

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