Measuring The Impact Of ICT Investments On Economic Growth

Measuring the impact of ICT (Information and Communication Technologies) investment on economic growth has been thoroughly examined for a number of industrialized countries. This paper provides a cross-country view on this issue by assessing the impact of ICT on economic growth for 50 major ICT spending countries, which together account for over 90% of the global ICT market. Furthermore, ICT investment has a significant impact on economic growth not only as traditional investment, but also as a boost to efficiency in growth: a higher level of ICT capital stock per capita allows an economy to achieve a higher growth rate for given levels of growth in labor and capital inputs.