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The Role of High-Tech Capital Formation for Swedish Productivity Growth

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Abstract

While using new data and standard growth-accounting techniques, this paper takes a closer look at the Swedish productivity revival in the second half of the 1990s. In particular, I find large total factor productivity growth in high-tech producing sectors and capital deepening associated with high-tech equipment elsewhere. In addition, for high-tech producers, high-tech capital deepening has as a rule contributed negatively to labor productivity growth - a result above all driven by large increases in hours worked in this sector. I also find that in the business sector, the contribution from high-tech capital deepening to labor productivity growth increased from about 1 percent 1994 to 9 percent 1999.

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  • Lindström, Tomas, 2003. "The Role of High-Tech Capital Formation for Swedish Productivity Growth," Working Papers 83, National Institute of Economic Research.
    • Handle: RePEc:hhs:nierwp:0083
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    Cited by:

    1. Daniel Lind, 2008. "ICT Production and Productivity in Sweden and Finland, 1975-2004," International Productivity Monitor, Centre for the Study of Living Standards, vol. 17, pages 40-51, Fall.

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