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| Tekijä: | O'Mahony, M. Vecchi, M. |
| Otsikko: | Quantifying the impact of ICT capital on output growth: a heterogenous dynamic panel approach |
| Lehti: | Economica
2005 : NOV, VOL. 72:288, p. 615-633 |
| Asiasana: | growth information technology output United Kingdom USA |
| Kieli: | eng |
| Tiivistelmä: | New evidence is provided on the impact of information and communications technologies (ICT) capital on real output growth by using industry data for USA and UK. The traditional industry panel data analysis fails to find a positive contribution. It is argued that this is due to heterogeneity across industries, particularly in the time dimension. Pooling the data for the two countries and using a dynamic panel data estimation method yield a positive and significant effect of ICT on output growth. |
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