Effective economic information

Description

This data set computes a measure of effective economic information (EEI) and TFP for 25 EU countries for the period 2000 to 2018. EEI is computed with a simple model that takes ICT investment and includes a propagation factor composed of variables that underlie a TFP-information absorption ecosystem such as educational, socioeconomic, institutional, and political factors. Primary data for the measure is from indices extracted from UNCTAD's productive capacity index and UNECE Statistical database . TFP data is from the Penn World Tables 10.0 (ctfp US = 1) converted to country TFP using the FRED data on US TFP (2017 =1). Measures of EEI for each EU country and their TFP are used to determine the relationship between EEI and TFP.

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