ICT Services and Their Prices: What Do They Tell Us About Productivity and Technology?

ICT Services and Their Prices: What Do They Tell Us About Productivity and Technology?

ICT Services and Their Prices: What Do They Tell Us About Productivity and Technology?

This paper reassesses the link between ICT prices, technology, and productivity. To understand how the ICT sector could come to the rescue of a whole economy, we extend a multi-sector model due to Oulton (2012) to include ICT services (e.g., cloud services) and use it to calibrate the steady-state contribution of the ICT sector to growth in aggregate U.S. labor productivity.

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