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Productivity and ICT: a review of the evidence

Draca, M.; Sadun, R.; Van Reenen, J.; (2006) Productivity and ICT: a review of the evidence. (CEP Discussion Papers CEPDP7). Centre for Economic Performance (CEP), The London School of Economics and Political Science (LSE): London, UK. Green open access

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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.

Type: Working / discussion paper
Title: Productivity and ICT: a review of the evidence
ISBN: 0753020556
Open access status: An open access version is available from UCL Discovery
Publisher version: http://cep.lse.ac.uk/_new/publications/abstract.as...
Language: English
Additional information: Centre for Economic Performance, London School of Economics, Houghton Street, London, WC2A 2AE
Keywords: ICT, productivity, organisation
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/18678
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