Open Access
Subscription Access
Open Access
Subscription Access
Economic Impact of Productivity from Digital Technologies: A CGE Approach
Subscribe/Renew Journal
The main purpose of this study is to present an applied computable general equilibrium (CGE) model to the OECD economies and India. A CGE model is a neoclassical version of the Walrasian equilibrium, which models production sectors on perfect competition, full use of production factors, and the clearing of all markets of goods. The model thus enables the second objective of the study: To estimate the impact of digital technologies on the economies of the OECD countries and India. The macroeconomic effects resulting from the induction of the new technologies are quantified by simulations performed using the developed model. This analysis of the quantification of effects is extremely important, as the OECD economies were the first ones to adopt the new Information and Communication Technologies (ICT).
Keywords
No Keywords.
Subscription
Login to verify subscription
User
Font Size
Information
- Alma, Mačiulytė-Šniukienė and Elina Gaile-Sarkane (2013), Impact of Information and Telecommunication Technologies Development on Labour Productivity, Procedia - Social and Behavioral Sciences.
- Angel, Aguiar, Maksym Chepeliev, Erwin Corong, Robert McDougall and Dominique Van der Mensbrugghe (2019), The GTAP Data Base: Version 10, Journal of Global Economic Analysis, 4(1): 1-27.
- Angel, Aguiar, Badri Narayanan Gopalakrishnan, and Robert McDougall (2016), An Overview of the GTAP 9 Data Base, Journal of Global Economic Analysis, 1(1): 181-208.
- Badri, Narayana Gopalakrishnan and Hosuk Lee-Makiyama (2020), Economic Costs of Ex ante Regulations, Ecipe Occasional Paper, 07/2020.
- Bart, Van Ark (2016), The Productivity Paradox of the New Digital Economy, International Productivity Monitor, 3: 3-18
- Digital Finland Framework (n.d.), Retrieved from https://www.businessfinland.fi/496a6f/globalassets/julkaisut/digital-finland-framework.pdf
- Global Trade Analysis Project, Purdue University (n.d.), GTAP Models, Retrieved from GTAP: https://www.gtap.agecon.purdue.edu/models/default.asp
- Hosuk, Lee-Makiyama (2018), Regulatory Assessment and FDI Review: The Digital Economy of Japan, London: LSE Enterprise Limited.
- Hosuk, Lee-Makiyama and Badri Narayanan Gopalakrishnan (2019), The Economic Losses from Ending the WTO Moratorium on Electronic Transmissions, ECIPE Policy Brief No.3/2019.
- OECD (2019), Going Digita, February, Retrieved from OECD: https://www.oecd.org/goingdigital/ productivity-growth-in-the-digital-age.pdf
- OECD (2019), OECD Compendium of Productivity Indicators 2019, Paris: OECD Publishing.
- OECD (2019), OECD Economic Policy Paper, February, Retrieved from OECD: https://www.oecd-ilibrary.org/economics/digital-dividend-policies-to-harness-theproductivitypotential-of-digital-technologies_273176bc-en
- Terrie, Walmsley, Angel Aguiar and Badri Narayanan Gopalakrishanan (2012), Introduction to the Global Trade Analysis Project and the GTAP Data Base, GTAP Working Paper No. 67, GTAP 8 Data Base Documentation.
- The Foundation for Economic and Industrial Research, Greece (2018), Measuring the Economic Impact of Digital Skills in Greece: Challenges Ahead.
Abstract Views: 482
PDF Views: 0