Jesús Rodríguez López () (Department of Economics, Universidad Pablo de Olavide) Diego Martínez López () (Department of Economics, Universidad Pablo de Olavide) José Luis Torres Chacón () (Departamento de Teoría e Historia Económica, Universidad de Málaga)
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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 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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Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number
07.01.
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