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Infrastructures and New Technologies as Sources of Spanish Economic Growth

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  • Mas, Matilde

Abstract

The paper revises the impact of infrastructures and Information and Communication Technologies (ICT) on economic growth. It takes Spain as a reference case due to the accessibility to capital services estimates. The Spanish database allows the measurement of the impact on growth of three ICT assets (software, hardware and communication) and six different types of infrastructures (roads, railways, airports, ports, as well as urban and water infrastructures). It also allows the distinction between public and privately owned infrastructures. As a first step, the paper recommends the adjustment of the National Accounts (NA) figures, especially when the endogenous approach to compute the user cost is utilized. The rationale for the adjustment relies on the need to recognize explicitly the services provided by public capital, not fully included in NA.

Suggested Citation

  • Mas, Matilde, 2006. "Infrastructures and New Technologies as Sources of Spanish Economic Growth," MPRA Paper 15795, University Library of Munich, Germany, revised Aug 2006.
    • Handle: RePEc:pra:mprapa:15795
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    References listed on IDEAS

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    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    2. Matilde Mas Ivars & Francisco José Goerlich Gisbert, 1999. "- Desigualdad Y Convergencia," Working Papers. Serie EC 1999-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    3. Jan-Egbert Sturm & Gerard H. Kuper & Jakob Haan, 1998. "Modelling Government Investment and Economic Growth on a Macro Level: A Review," Palgrave Macmillan Books, in: Steven Brakman & Hans Ees & Simon K. Kuipers (ed.), Market Behaviour and Macroeconomic Modelling, chapter 14, pages 359-406, Palgrave Macmillan.
    4. Dale W. Jorgenson, 1991. "Productivity and Economic Growth," NBER Chapters, in: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, pages 19-118, National Bureau of Economic Research, Inc.
    5. Alessandra Colecchia & Paul Schreyer, 2001. "ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case? A Comparative Study of Nine OECD Countries," OECD Science, Technology and Industry Working Papers 2001/7, OECD Publishing.
    6. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    7. Marcel P. Timmer & Bart van Ark, 2005. "Does information and communication technology drive EU-US productivity growth differentials?," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 693-716, October.
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    Cited by:

    1. Wulong Gu, 2018. "Accounting for Slower Productivity Growth in the Canadian Business Sector after 2000: The Role of Capital Measurement Issues," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 21-39, Spring.

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    More about this item

    Keywords

    ICT; Infrastructures; growth accounting;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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