Growth, Technological Change, and ICT Diffusion: Recent Evidence from OECD Countries
基于统一数据,分析了OECD国家过去十年的GDP和生产率增长模式,发现快速增长国家普遍具有劳动利用率改善、人力资本提升和资本结构向ICT设备快速转变的特征,并探讨了制度因素对增长差异的影响。
In this paper we present an overview of GDP and productivity growth patterns in OECD countries over the past decade, on the basis of harmonized data. Our evidence suggests that fast-growing countries generally shared three characteristics: improvements in labour utilization; a generalized enhancement in human capital; and rapid shifts in the composition of physical capital towards information and communication technology (ICT) equipment. Particularly, we show that technological change embodied in new ICT capital goods has been a primary source of output and productivity growth in ICT-using sectors. The international comparison allows relating growth patterns to institutional and policy indicators, thereby offering some preliminary insights into the potential sources of growth disparities. Cross-country evidence yields some tentative support to the idea that institutional factors affecting competition in the product market are likely to affect productivity patterns, especially in a period of rapid diffusion of a general-purpose technology (such as ICT). Copyright 2002, Oxford University Press.