Does ICT Capital Affect Economic Growth in the EU-15 and EU-12 Countries?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86083198" target="_blank" >RIV/61989100:27510/15:86083198 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31140/15:00045211
Result on the web
<a href="http://dx.doi.org/10.3846/16111699.2012.754375" target="_blank" >http://dx.doi.org/10.3846/16111699.2012.754375</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/16111699.2012.754375" target="_blank" >10.3846/16111699.2012.754375</a>

Result language
angličtina
Original language name
Does ICT Capital Affect Economic Growth in the EU-15 and EU-12 Countries?
Original language description
The paper examines economic growth in old and new member countries of the European Union (EU-15 and EU-12) during the years of 1994-2000 and 2001-2008 mainly due to changes in ICT capital development. The three-factor Cobb-Douglas production function is estimated through the panel general least squares method. Since ICT capital growth data are not available for all selected economies, the groups of countries were reduced to EU-14 and EU-7. The estimated panel production functions confirmed that the average growth of GDP in the EU-7 countries during 2001-2008 was supported by the stable growth of labour quantity and ICT-capital and increasing total factor productivity. A short-term drop in non-ICT capital growth with follow-up stagnation was caused rather by lower labour productivity. The research discovered that the drop in GDP growth in the EU-14 countries during 2001-2008 was a result of the slower growth of non-ICT capital and total factor productivity and the stagnated growth of ICT capital with low elasticity and showed that even the compensation of growth in labour quality did not prevent a decrease in total factor productivity and economic growth.
Czech name
—
Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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