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The long-run impact of Information and Communication Technology on economic output: The case of Australia

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  • Shahiduzzaman, Md.
  • Alam, Khorshed

Abstract

This paper investigates the cointegration and causal relationships between Information and Communication Technology (ICT) and economic output in Australia using data for about five decades. The framework used in this paper is the single-sector aggregate production function, which is the first comprehensive approach of this kind to include ICT and non-ICT capital and other factors to examine long-run Granger causality. The empirical evidence points to a cointegration relationship between ICT capital and output, and implies that ICT capital Granger causes economic output and multifactor productivity, as does non-ICT capital.

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  • Shahiduzzaman, Md. & Alam, Khorshed, 2014. "The long-run impact of Information and Communication Technology on economic output: The case of Australia," Telecommunications Policy, Elsevier, vol. 38(7), pages 623-633.
    • Handle: RePEc:eee:telpol:v:38:y:2014:i:7:p:623-633
    DOI: 10.1016/j.telpol.2014.02.003
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    3. Gerpott, Torsten J. & Ahmadi, Nima, 2015. "Advancement of indices assessing a nation׳s telecommunications development status: A PLS structural equation analysis of over 100 countries," Telecommunications Policy, Elsevier, vol. 39(2), pages 93-111.
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    6. Bakry, Walid & Nghiem, Xuan-Hoa & Farouk, Sherine & Vo, Xuan Vinh, 2023. "Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 597-617.
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