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New Economy in Growth and Development

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  • Matti Pohjola

Abstract

The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use of information and communication technology seems to have had a substantial impact on the performance of the United States economy, the evidence for other countries is much weaker. This study does not find any significant correlation between ICT investment and economic growth in the period 1985-99 for a sample of 42 countries for which ICT spending data are available.

Suggested Citation

  • Matti Pohjola, 2002. "New Economy in Growth and Development," WIDER Working Paper Series DP2002-67, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2002-67
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