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Productivity and ICT: a review of the evidence

Draca, Mirko and Sadun, Raffaella and Van Reenen, John (2006) Productivity and ICT: a review of the evidence. 749. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 749

Abstract

We survey the micro and macro literature on the impact of Information and Communication Technologies (ICTs) on productivity. The “Solow Paradox” of the absence of an impact of ICT on productivity no longer holds, if it ever did. Both growth accounting and econometric evidence suggest an important role for ICTs in accounting for productivity. In fact, the empirical estimates suggest a much larger impact of ICT on productivity than would be expected from the standard neoclassical model that we focus on. We discuss the various explanations for these results, including the popular notion of complementary organizational capital. Finally, we offer suggestions for where the literature needs to go.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2006 M. Draca, R. Sadun and J. Van Reenen
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 30 Apr 2008 15:18
Last Modified: 08 Apr 2011 11:12
URI: http://eprints.lse.ac.uk/id/eprint/4561

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