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Information Technology, Productivity, and Economic GrowthInternational Evidence and Implications for Economic Development$
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Matti Pohjola

Print publication date: 2001

Print ISBN-13: 9780199243983

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199243983.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 January 2022

Information Technology and Economic Growth: A Cross-Country Analysis

Information Technology and Economic Growth: A Cross-Country Analysis

Chapter:
(p.242) 11 Information Technology and Economic Growth: A Cross-Country Analysis
Source:
Information Technology, Productivity, and Economic Growth
Author(s):

MATTI POHJOLA

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199243983.003.0011

Although there may be considerable evidence that points out how new information technologies are able to bring about modifications in modern economies' operations, there is a need to identify better impacts on economic growth and productivity. While several micro-econometric studies exhibit a positive correlation between different measures of economic performance in industrial countries and IT investment, macroeconomic studies point out either a negative or non-existing correlation in terms of IT investment and the aggregate economy, and such can be applied not only in the United States but also to five other OECD countries. This chapter explores a cross-country analysis that is based mainly on an explicit economic growth model that adopts data from the International Data Corporation (IDC).

Keywords:   cross-country analysis, OECD, IDC, economic growth, productivity, IT investment

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