Contribution of Information and Communication Technologies to Growth

Thee worldwide development of information and communication technology (ICT) has accelerated dramatically over the past decade. Increased ICT production and use has the potential to influence economic growth positively. This paper focuses on the li...

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Bibliographic Details
Main Authors:	Zhen-Wei Qiang, Christine, Pitt, Alexander, Ayers, Seth
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	INFORMATION COMMUNICATION ECONOMIC GROWTH TECHNOLOGY METHODOLOGY PRODUCTIVITY GROWTH LABOR PRODUCTIVITY COMPUTERS SOFTWARE INDUSTRY ECONOMIC DEVELOPMENT TECHNOLOGICAL INFORMATION WELFARE DISTRIBUTION SKILLED WORKERS ADMINISTRATIVE PROCEDURES ANNUAL GROWTH BALANCED ECONOMIC GROWTH CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMER SURPLUS CONSUMERS COPYRIGHT DEFLATORS DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGY DIGITAL DIVIDE ECONOMIC ANALYSIS ECONOMIC COOPERATION ECONOMIC OPPORTUNITIES ECONOMIC SECTORS EFFECTIVE USE EMPLOYMENT EXCESS PROFITS EXPENDITURES EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GICT GLOBAL ECONOMY GNP GROSS DOMESTIC PRODUCT GROSS EARNINGS GROSS NATIONAL PRODUCT GROWTH ACCOUNTING GROWTH POLICY GROWTH RATE GROWTH RATES HUMAN CAPITAL ICT INCOME INCREASING RETURNS INCREASING RETURNS TO SCALE INFORMATION & COMMUNICATION TECHNOLOGY INFORMATION & COMMUNICATION TECHNOLOGY SECTOR INFORMATION SYSTEMS INFORMATION TECHNOLOGY INTERNET HOSTS LABOR FORCE MARGINAL COST MARKET SHARE NETWORKS OPPORTUNITY COSTS PERFECT COMPETITION POLICY DECISIONS POLITICAL ECONOMY PRODUCERS PRODUCTIVE RESOURCES PRODUCTIVITY RADIO REGRESSION ANALYSIS RELATIVE PRICES RURAL COMMUNITIES SAVINGS TECHNICAL STANDARDS TECHNOLOGICAL ADVANCES TECHNOLOGICAL PROGRESS TECHNOLOGY ADOPTION TELECOMMUNICATIONS TELEPHONY TELEVISION TERMS OF TRADE TEXT TFP TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES WAGES WELFARE GAINS WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2003/12/2875798/contribution-information-communication-technologies-growth http://hdl.handle.net/10986/15059

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Summary:	Thee worldwide development of information and communication technology (ICT) has accelerated dramatically over the past decade. Increased ICT production and use has the potential to influence economic growth positively. This paper focuses on the linkage between ICT and output growth and summarizes the findings in the literature on the contribution of ICT to economic growth arising from capital deepening and increases in total factor productivity. It looks at the methodologies used to assess the magnitude of the different channels through which ICT influences productivity growth, summarizes the key factors that increase and obstruct ICT expansion, and outlines the challenges developing countries face in maximizing ICT's contribution to growth. Strengthening institutions to create an environment that attracts ICT investment and promotes ICT use; exploiting network and spillover effects by creating domestic demand; and promoting "adaptation close to use" to match local capacity and local needs have been identified as policies to surmount these challenges.

Contribution of Information and Communication Technologies to Growth

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