Information Technology, Productivity, and Economic Growth: International Evidence and Implications…

Hardcover | July 1, 2001

EditorMatti Pohjola

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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. Theuse 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 theprivate 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.

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From the Publisher

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 e...

Matti Pohjola is Principal Academic Officer at the World Institute for Development Economics Research (WIDER), United Nations University, and Professor of Economics at Helsinki School of Economics and Business Administration, Finland
Format:HardcoverDimensions:302 pages, 9.21 × 6.14 × 0.83 inPublished:July 1, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199243980

ISBN - 13:9780199243983

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Table of Contents

1. Matti Pohjola: Information Technology and Economic Growth: Introduction and ConclusionsTechnology and Economic Growth2. Sergio Rebelo: The Roles of Knowledge and Capital in Economic Growth3. Pierre Mohnen: International RandD Spillovers and Economic Growth4. Danny Quah: The Weightless Economy in Economic DevelopmentMicroeconomic Evidence5. Francis Kramarz: Computers and Labour Markets: International Evidence6. Nathalies Greenan, Jacques Mairesse, and Agnes Topiol-Bensaid: Information Technology and Research and Development Impacts on Productivity and Skills: Looking for Correlations on French Firm-Level Data7. Kaushalesh Lal: The Determinants of the Adoption of Information Technology: A Case Study of the Indian Garments IndustryMacroeconomic Evidence8. Petri Niininen: Computers and Economic Growth9. Kuk-Hwan Jeong, Jeong Hun Oh, and Ilsoon Shin: The Economic Impact of Information and Communication Technology in Korea10. Poh Kam Wong: The Contribution of Information Technology to the Rapid Economic Growth of Singapore11. Matti Pohjola: Information Technology and Economic Growth: A Cross-Country Analysis12. Kenneth L. Kraemer and Jason Dedrick: Information Technology and Economic Development: Results and Policy Implications of Cross-Country Studies

Editorial Reviews

"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 almostmiraculous 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 willbenefit."--Review of Political Economy