全球智库信息集成服务系统(G2TT): Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27425
来源ID	Working Paper 27425
	Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth
	Robert J. Gordon; Hassan Sayed
发表日期	2020-06-29
出版年	2020
语种	英语
摘要	We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between ICT capital deepening and TFP growth, because much of the effect of the ICT revolution was channeled through spillovers to TFP growth rather than being limited to the capital deepening pathway. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by ICT-intensive industries producing market services and computer hardware. In contrast the EU-10 experienced a 1995-2005 growth slowdown due to a paucity of ICT investment, a failure to capture the efficiency benefits of ICT, and performance shortfalls in specific industries including ICT production, finance-insurance, retail-wholesale, and agriculture. After 2005 both the U.S. and the EU-10 suffered a growth slowdown, indicating that the benefits of the ICT revolution were temporary rather than providing a new permanent era of faster productivity growth. This joint transatlantic post-2005 slowdown is consistent with the broader view that ongoing innovation has been less potent in boosting productivity growth compared to earlier decades of the postwar era.
主题	Macroeconomics ; Consumption and Investment ; Development and Growth ; Innovation and R& ; D ; Growth and Productivity ; Country Studies
URL	https://www.nber.org/papers/w27425
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585098
推荐引用方式 GB/T 7714	Robert J. Gordon,Hassan Sayed. Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w27425.pdf（2879KB）	智库出版物		限制开放	CC BY-NC-SA	浏览