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Can double deflation explain the ICT growth miracle?

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  • Edquist, Harald

Abstract

It is unclear why productivity growth in the information and communication technology (ICT) industry differs considerably among countries. This paper shows that, for Sweden, it is primarily the use of the double deflation method that has created the apparent ICT-miracle.

Suggested Citation

  • Edquist, Harald, 2013. "Can double deflation explain the ICT growth miracle?," Economics Letters, Elsevier, vol. 121(2), pages 302-305.
    • Handle: RePEc:eee:ecolet:v:121:y:2013:i:2:p:302-305
    DOI: 10.1016/j.econlet.2013.09.001
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    References listed on IDEAS

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    1. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2008. "A Retrospective Look at the U.S. Productivity Growth Resurgence," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 3-24, Winter.
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    6. Edquist, Harald, 2005. "The Swedish ICT miracle -- myth or reality?," Information Economics and Policy, Elsevier, vol. 17(3), pages 275-301, July.
    7. Kevin J. Stiroh, 2002. "Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?," American Economic Review, American Economic Association, vol. 92(5), pages 1559-1576, December.
    8. Bart van Ark & Mary O'Mahoney & Marcel P. Timmer, 2008. "The Productivity Gap between Europe and the United States: Trends and Causes," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 25-44, Winter.
    9. Paul Schreyer, 2002. "Computer Price Indices and International Growth and Productivity Comparisons," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(1), pages 15-31, March.
    10. Brent R. Moulton, 2001. "The Expanding Role of Hedonic Methods in the Official Statistics of the United States," BEA Papers 0018, Bureau of Economic Analysis.
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    Cited by:

    1. Edquist, Harald & Henrekson, Magnus, 2017. "Do R&D and ICT affect total factor productivity growth differently?," Telecommunications Policy, Elsevier, vol. 41(2), pages 106-119.

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    More about this item

    Keywords

    Productivity growth; Deflation; ICT;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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