Imperial College London
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ProfessorJonathanHaskel

Business School

Chair in Economics
 
 
 
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Contact

 

+44 (0)20 7594 8563j.haskel Website CV

 
 
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Assistant

 

Ms Donna Sutherland-Smith +44 (0)20 7594 1916

 
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Location

 

296Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Goodridge:2019:10.1016/j.jce.2019.07.001,
author = {Goodridge, P and Haskel, J and Edquist, H},
doi = {10.1016/j.jce.2019.07.001},
journal = {Journal of Comparative Economics},
pages = {867--880},
title = {The economic contribution of the "C" in ICT: evidence from OECD countries},
url = {http://dx.doi.org/10.1016/j.jce.2019.07.001},
volume = {47},
year = {2019}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - Numerous studies have documented the contribution of ICT to growth. Less has been done on the contribution of communications technology, the “C” in ICT. We construct an international dataset of fourteen OECD countries and present contributions to growth for each ICT asset (IT hardware, CT equipment and software) using alternative ICT deflators. Using each country’s deflator we find that the contribution of CT capital deepening to productivity growth is lower in the EU than the US. Thus we ask: is that lower contribution due to a lower rate of CT investment or differing sources and methods for measurement of price change? We find that: (a) there are still considerable disparities in measures of ICT price change across countries; (b) in terms of growth-accounting, price harmonisation has a greater impact on the measured contributions of IT hardware and software in the EU relative to the US, than that of CT equipment; over 1996–2013, harmonising investment prices explains just 15% of the gap in the EU CT contribution relative to the US, compared to 25% for IT hardware; (c) over 1996–2013, CT capital deepening accounted for 0.11% pa (6% as a share) of labour productivity growth (LPG) in the US, compared to 0.03% pa (2.5% of LPG) in the EU-13 when using national accounts deflators; and (d) using OECD harmonised deflators, the figure for the EU-13 is raised to 0.04% pa (4% of LPG).
AU  - Goodridge,P
AU  - Haskel,J
AU  - Edquist,H
DO  - 10.1016/j.jce.2019.07.001
EP  - 880
PY  - 2019///
SN  - 0147-5967
SP  - 867
TI  - The economic contribution of the "C" in ICT: evidence from OECD countries
T2  - Journal of Comparative Economics
UR  - http://dx.doi.org/10.1016/j.jce.2019.07.001
UR  - https://www.sciencedirect.com/science/article/pii/S0147596719300629
UR  - http://hdl.handle.net/10044/1/43209
VL  - 47
ER  -
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