Pregledni rad
WHAT INFORMATION TECHNOLOGY MEANT FOR ECONOMIC PROSPERITY OF USA, JAPAN AND GERMANY?
Daniel Tomic
Sažetak
Technological progress and economic growth are deep related. It is primarily through technological
improvements that humankind has been able to progress to the extent it has since the First Industrial
Revolution. Technological advances have displaced existing economic structures and laid down
fundaments for new economic forces and opportunities, all of which had a widespread welfare effect.
Growth theory indeed assumes that changes in real output and productivity are result of technological
shocks within the economy. By focusing on computer and information techonology, using ARIMA
models and Beveridge-Nelson univariate decomposition this paper estimates the impact of
technological shocks on GDP, GDP per capita and labour productivity growth of three world’s strongest
economies: USA, Japan and Germany. The paper confirms the thesis that information technology has
been the key factor of improved productivity and growth performance of these economies.
Ključne riječi
‘Third’ Industrial Revolution technologies; productivity and growth; ARIMA models; Beveridge-Nelson decomposition; USA; Japan; Germany
Hrčak ID:
123671
URI
Datum izdavanja:
30.6.2015.
Posjeta: 721 *