ICT-specific technological progress in the United Kingdom

被引：23

作者：

Bakhshi, H

Larsen, J

机构：

[1] Bank England, London EC2R 8AH, England

[2] Foreign & Commonwealth Off, London SW1A 2AH, England

来源：

JOURNAL OF MACROECONOMICS | 2005年 / 27卷 / 04期

关键词：

investment specific technological progress; TFP; ICT; growth accounting;

D O I：

10.1016/j.jmacro.2004.03.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses the impact of rapid technological change in the information and communications technology (ICT) sector on economic growth in the United Kingdom. We find that technological progress specific to the ICT sector accounts for around 20-30% of long-run labor productivity growth. We demonstrate that a permanent increase in the growth rate of ICT-specific technological progress will increase the investment expenditure share of GDP but lower the aggregate depreciation rate, while an increase in the return to investment in ICT will increase both the expenditure share and the depreciation rate. (c) 2005 Elsevier Inc. All rights reserved.

引用

页码：648 / 669

页数：22

共 32 条

[1]

[Anonymous], 2001, Carnegie-Rochester conference series on public policy

[2]

Bakhshi H, 1999, NBER CONF R, P133

[3]

BAKHSHI H, 2001, 129 BANK ENGL

[4]

BOSWORTH B, 2000, TECHNICAL PROGR EC G