Artigo Acesso aberto Revisado por pares

The productivity paradox and the new economy: The Spanish case

2007; Elsevier BV; Volume: 30; Issue: 4 Linguagem: Inglês

10.1016/j.jmacro.2007.10.007

ISSN

1873-152X

Autores

Diego Martínez, Jesús Rodríguez‐López, José L. Torres,

Tópico(s)

Regional Economics and Spatial Analysis

Resumo

This paper studies the impact of the information and communication technologies (ICT) on economic growth in Spain using a dynamic general equilibrium approach. Contrary to previous works, we use a production function with six different capital inputs, three of them corresponding to ICT assets. Calibration of the model suggests that the contribution of ICT to Spanish productivity growth is very relevant, whereas the contribution of non-ICT capital has been even negative. Additionally, over the sample period 1995–2002, we find a negative TFP growth and productivity growth. These results together aim at the hypothesis that the Spanish economy could be placed within the productivity paradox.

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