Infrastructures and New Technologies

The paper revises the impact of infrastructures and Information and Communications Technologies (ICT) on Spanish economic growth. It makes use of the Fbbva/Ivie capital services database recently released (Mas, Pérez and Uriel (2005)) which follows closely OECD (2001a, b) recommendations. The paper also addresses the problem posed by the presence of publicly owned assets, especially when implementing the endogenous approach to the internal rate of return determination. After offering an alternative to the standard approach, it carries out a growth accounting exercise considering explicitly three types of ICT capital assets (software, hardware and communications) and six different types of infrastructures (roads, ports, railways, airports, and water and urban infrastructures). 

Productivity Measurement and Analysis

Infrastructures and New Technologies

as Sources of Spanish Economic Growth