ICT Investment and Economic Growth in the 1990s Is the United States a Unique Case? A Comparative Study of Nine OECD Countries

Investment in information technologies has by no means been confined to the United States and yet, average European or Japanese growth experience has been quite different. The paper compares the impact of ICT capital accumulation on output growth in Australia, Canada, Finland, France, Germany, Italy...

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Bibliographic Details
Main Author: Colecchia, Alessandra
Other Authors: Schreyer, Paul
Format: eBook
Language:English
Published: Paris OECD Publishing 2001
Series:OECD Science, Technology and Industry Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a Investment in information technologies has by no means been confined to the United States and yet, average European or Japanese growth experience has been quite different. The paper compares the impact of ICT capital accumulation on output growth in Australia, Canada, Finland, France, Germany, Italy, Japan, the United Kingdom and the United States. The analysis uses a newly compiled database of investment in ICT equipment and software based on the System of National Accounts 1993 (SNA93). Over the past two decades, ICT contributed between 0.2 and 0.5 percentage points per year to economic growth, depending on the country. During the second half of the 1990s, this contribution rose to 0.3 to 0.9 percentage points per year. The paper shows that, despite differences between countries, the United States has not been alone in benefiting from the positive effects of ICT capital investment on economic growth nor was the United States the sole country to experience an acceleration of these ..