ICT diffusion and potential output growth

Cette, Gilbert; Mairesse, Jacques; Kocoglu, Yusuf

doi:10.1016/j.econlet.2004.12.002

Cited by 37 publications

(19 citation statements)

References 6 publications

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“…On this backdrop, numerous studies have discussed the economic impacts of ICT. Cette, Mairesse, and Kocoglu (2005) showed that ICT diffusion contributes to potential output growth in the long-term and to productivity enhancements in the short-term.…”

Section: Ict Diffusion and Economic Growthmentioning

confidence: 99%

ICT diffusion as a determinant of human progress

Lee

Hong

Hwang

2017

Information Technology for Development

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This research poses the question of whether the diffusion of information and communications technology (ICT) in countries can affect human progress. Human progress in this research is defined as progress that allows every member of a society to live in an environment with high economic, political, and civil liberties. To examine the posed question, the authors developed the following three hypotheses. First, ICT diffusion serves as a determinant in human progress. Second, the size of the impact of diffusion of ICT on human progress may differ depending on the income level of the economy. Lastly, the impact of ICT on human progress may differ depending on the type of technological medium. These hypotheses were tested with a sample of 102 countries panel for 14 years from 2000 to 2013 with data from the International Telecommunications Union to see the status of diffusion of ICT, the Heritage Foundation and the Freedom House in order to employ the measure of human progress by a yearlagged seemingly unrelated regression analysis with both pooled and grouped samples. The results suggest that the diffusion of ICT is a determinant of human progress at the global level and that the effects differ depending on the type of technology or the income level of the country.

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Section: Ict Diffusion and Economic Growthmentioning

confidence: 99%

ICT diffusion as a determinant of human progress

Lee

Hong

Hwang

2017

Information Technology for Development

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“…A model similar in structure to the present one but with a quite different interpretation is in Barro and Sala-i-Martin (1995), chapter 5. The two-sector model with faster technical progress in investment goods was revived by Whelan (2001) and applied by Martin (2001) to study the U.S. economy and by Cette et al (2005) to compare France and the U.S. It was also employed by Bakhshi and Larsen (2005) to analyse the impact of macroeconomic shocks in the U.K. context.…”

Section: Making Projections With the One-sector Growth Modelmentioning

confidence: 99%

Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting

Oulton

2012

Economic Modelling

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How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one-sector model is required because of the very rapid rate at which the prices of ICT products have fallen in the past and are expected to fall in the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT production. Even a country which has zero ICT production can benefit via improving terms of trade. In the long run, the falling relative price of ICT products boosts the growth of GDP and consumption by inducing faster accumulation of ICT capital. I quantify this effect on the long run growth rate of 15 European and 4 non-European countries, using data from the EU KLEMS database. The ICT intensity of production (the ICT income share) is much lower in many European countries than it is in the United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the current levels of ICT intensity is substantial: about half a percent per annum on average in the countries studied here. Eventually, the ICT revolution may diffuse more widely so ICT intensity may reach at least the same level as currently in the U.S. or Sweden, which would add a further 0.2 percentage points per annum to long run growth.

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“…The moment that positive influence is extinguished it may make conducting adequate monetary policy more difficult (see also: MEIJERS, 2006, pp. 1-23; CETTE, MAIURESSE, KCOGLU, 2004).…”

Section: Monetary Consequences Of Nairu "Flattening"mentioning

confidence: 99%

Monetary Policy Under Conditions of Nairu "Flattening"

Balcerzak¹

2009

Olsztyn Economic Journal

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The last decades represent a period of global economy fast transformation, which is reflected in the real life and leads to changes in relations between the situation in the labour market and the inflation processes. Those changes are frequently referred to as "NAIRU" flattening. It can be expected that it will bring important consequences for the process of national monetary policy development in individual countries. The aim of the paper is to present analysis of the influence of NAIRU flattening on the effectiveness of the national monetary policy and effectiveness of its tools.

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ICT diffusion and potential output growth

Cited by 37 publications

References 6 publications

ICT diffusion as a determinant of human progress

ICT diffusion as a determinant of human progress

Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting

Monetary Policy Under Conditions of Nairu "Flattening"

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