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Information Technology, Productivity and Economic Growth International : Evidence and Implications For Economic Development - Matti Pohjola

Information Technology, Productivity and Economic Growth International

Evidence and Implications For Economic Development

By: Matti Pohjola (Editor)

Hardcover

Published: 1st May 2001
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The often-advocated view that the information technology revolution will change the world must stem from the basic premiss that investment in IT has a visible impact on productivity and economic growth. But how can we measure this impact and how large is it? By surveying previous studies and by presenting new micro- and macroeconomic evidence, this collection shows that in recent years the use of IT in the production of goods and services has had a strong influence on productivity and economic growth in industrial and in newly industrialized countries. Yet developing countries seem neither to have invested in IT nor benefited from such investments to the same extent as industrial countries. There is concern that information is becoming a commodity, like income and wealth, by which countries are classified as rich and poor. The contributors to this volume argue that investment in infrastructure, physical capital, and education is the key to economic development. This is an old policy prescription in the economics of development. What is new is the suggestion that the IT content of these investments should be high. The use of IT is so widely spread throughout the world economy that no single country can avoid investing in this technology if it wants to improve the standard of living of its citizens. Besides providing citizens with access to IT and to IT education and training, governments should promote participation in the information society, thus generating a sufficiently strong demand base for information products. By developing advanced applications of IT, and by becoming a model for the private sector, governments can alter worker, firm, and consumer attitudes, and lower their costs of adopting IT. The use of IT, not necessarily its production, is what matters for economic development.

An important contribution to the ongoing debate on the economic impact of technological advances in the information and communication sectors ... In recent years, when the hype concerning the advent of the so-called 'new economy' was at its height, much has been said and written about the almost miraculous virtues of the ICT revolution. This book has the important merit of looking at the issue from a more balanced and informed perspective... highly welcome as an important contribution, from which everybody concerned with technological progress, economic growth and development will benefit. * Review of Political Economy *

1: Matti Pohjola: Information Technology and Economic Growth: Introduction and Conclusions Technology and Economic Growth 2: Sergio Rebelo: The Roles of Knowledge and Capital in Economic Growth 3: Pierre Mohnen: International R&D Spillovers and Economic Growth 4: Danny Quah: The Weightless Economy in Economic Development Microeconomic Evidence 5: Francis Kramarz: Computers and Labour Markets: International Evidence 6: Nathalies Greenan, Jacques Mairesse, and Agnès Topiol-Bensaid: Information Technology and Research and Development Impacts on Productivity and Skills: Looking for Correlations on French Firm-Level Data 7: Kaushalesh Lal: The Determinants of the Adoption of Information Technology: A Case Study of the Indian Garments Industry Macroeconomic Evidence 8: Petri Niininen: Computers and Economic Growth 9: Kuk-Hwan Jeong, Jeong Hun Oh, and Ilsoon Shin: The Economic Impact of Information and Communication Technology in Korea 10: Poh Kam Wong: The Contribution of Information Technology to the Rapid Economic Growth of Singapore 11: Matti Pohjola: Information Technology and Economic Growth: A Cross-Country Analysis 12: Kenneth L. Kraemer and Jason Dedrick: Information Technology and Economic Development: Results and Policy Implications of Cross-Country Studies

ISBN: 9780199243983
ISBN-10: 0199243980
Series: Wider Studies in Development Economics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 304
Published: 1st May 2001
Country of Publication: GB
Dimensions (cm): 23.39 x 15.6  x 1.75
Weight (kg): 0.57