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The ICT revolution, world economic growth, and policy issues

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  • Jorgenson, Dale W.
  • Vu, Khuong M.

Abstract

The ICT revolution fueled by the exponential progress of the semiconductor technology and the accelerated pace of globalization has become an important driver of economic growth across nations. In this rapidly changing landscape, the world economy is entering into a New Economic Order, in which developing Asia led by two fast-growing giant economies, China and India, will have much larger impacts on the world economy. This paper provides empirical evidence on these phenomena and highlights policy issues that deem important for a country to seize the ICT revolution for promoting economic growth.

Suggested Citation

  • Jorgenson, Dale W. & Vu, Khuong M., 2016. "The ICT revolution, world economic growth, and policy issues," Telecommunications Policy, Elsevier, vol. 40(5), pages 383-397.
    • Handle: RePEc:eee:telpol:v:40:y:2016:i:5:p:383-397
    DOI: 10.1016/j.telpol.2016.01.002
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    References listed on IDEAS

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    1. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2008. "A Retrospective Look at the U.S. Productivity Growth Resurgence," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 3-24, Winter.
    2. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634.
    3. Jorgenson, Dale W. & Vu, Khuong Minh, 2013. "The emergence of the new economic order: Growth in the G7 and the G20," Journal of Policy Modeling, Elsevier, vol. 35(3), pages 389-399.
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