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Information Technology and Economic Development: An Introduction to the Research Issues

Author

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  • Pohjola, M.

Abstract

Even in industrial countries, the impact of information technology has not been as deep or pervasive as the debate about the benefits of the global information society sometimes makes it appear. The literature review on the US experience shows that there is neither a 'productivity paradox' nor a substantial 'information payoff' associated with investment in computers or other forms of IT, but they seem to be 'pulling their weight'. This may, however, be a characteristic feature of the US economy in its present stage of development. Modern business information systems are being developed for the needs of large corporations in industrial countries. More research on other countries, developed and developing, is needed before firm policy conclusions can be drawn for economic development. This research should explore the role of information technology both as an intermediate input in production and as a final good in consumption. This paper prepares ground for such work.

Suggested Citation

  • Pohjola, M., 1998. "Information Technology and Economic Development: An Introduction to the Research Issues," Research Paper 153, World Institute for Development Economics Research.
  • Handle: RePEc:fth:wodeec:153
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    Citations

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    Cited by:

    1. Jeremy Grace & Charles Kenny & Christine Zhen-Wei Qiang & Jia Liu & Taylor Reynolds, 2003. "Information and Communication Technologies and Broad-Based Development : A Partial Review of the Evidence," World Bank Publications, The World Bank, number 15053, July.
    2. Joseph, K.J., 2002. "Growth of ICT and ICT for Development: Realities of the Myths of the Indian Experience," WIDER Working Paper Series 078, World Institute for Development Economic Research (UNU-WIDER).
    3. Kenny, Charles, 2002. "The Internet and Economic Growth in Least Developed Countries," WIDER Working Paper Series 075, World Institute for Development Economic Research (UNU-WIDER).
    4. Nirvikar Singh, 2004. "Information Technology as an Engine of Broad-Based Growth in India," Development and Comp Systems 0412012, EconWPA.
    5. repec:lan:wpaper:541200 is not listed on IDEAS
    6. Charles Bean, 2000. "The Australian Economic 'Miracle': A View from the North," RBA Annual Conference Volume,in: David Gruen & Sona Shrestha (ed.), The Australian Economy in the 1990s Reserve Bank of Australia.
    7. Charles Kenny, 2003. "The Internet and Economic Growth in Less-developed Countries: A Case of Managing Expectations? 1," Oxford Development Studies, Taylor & Francis Journals, vol. 31(1), pages 99-113.

    More about this item

    Keywords

    TECHNOLOGY ; INFORMATION ; ECONOMIC DEVELOPMENT;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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