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The impact of information and communication technology on economic growth: evidence from developed and developing countries

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  • Ayoub Yousefi

Abstract

This study examines whether, and to what extent, information and communication technology (ICT) has helped to improve economic growth. We adopt the traditional growth model as a framework to estimate contributions of labor, ICT, and non-ICT capital to economic growth in developed and developing countries. The estimates of the growth model by using time-series cross-country data of a total of 62 countries for the period of 2000--2006 reveal that economic growth effect of ICT differs across different income groups of countries. The paper concludes that ICT plays a major role in the growth of high and upper-middle income groups, but fails to contribute to the growth of the lower-middle income group countries. Such findings suggest that the level of investment in ICT is not the cause of slow growth in lower-middle developing countries as previously thought.

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  • Ayoub Yousefi, 2011. "The impact of information and communication technology on economic growth: evidence from developed and developing countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(6), pages 581-596, November.
    • Handle: RePEc:taf:ecinnt:v:20:y:2011:i:6:p:581-596
    DOI: 10.1080/10438599.2010.544470
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    1. repec:dgr:rugggd:200256 is not listed on IDEAS
    2. World Bank, 2006. "2006 Information and Communications for Development : Global Trends and Policies," World Bank Publications - Books, The World Bank Group, number 6967.
    3. Ark, Bart van, 2002. "ICT investments and growth accounts for the European Union," GGDC Research Memorandum 200256, Groningen Growth and Development Centre, University of Groningen.
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