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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.

Suggested Citation

  • 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:wbk:wbpubs:6967 is not listed on IDEAS
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    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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