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date: 15 December 2018

Abstract and Keywords

This article offers a guided tour to some of the main aspects of ICTs and productivity. It discusses a neoclassical theoretical framework that has been extensively used (either explicitly or implicitly) by most of the studies we survey. It also considers extensions to these theoretical approaches. It details some of the econometric issues involved in estimating the productivity of ICT. This requires some consideration of the estimation of production functions, an area where there has been considerable econometric advance in recent years. It also discusses issues relating to the data, both ideal and actual. Finally, it discusses the results of the empirical studies covering both growth accounting and econometric approaches at the industry and firm level.

Keywords: ICTs, productivity, neoclassical theories, production function, growth accounting, empirical studies, econometrics

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