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Contribution of Information and Communication Technologies to Growth


Description

"This paper focuses on the linkage between ICT and output growth. It summarizes the findings in the literature on the contribution of ICT to economic growth arising from capital deepening and increases in total factor productivity. The paper contains: (i) the methodologies used to evaluate the different ways that ICT influences productivity growth; (ii) a critical assessment of the magnitude of ICT's contribution to growth in various countries; (iii) a summary of the key factors that increase or obstruct ICT expansion; and (iv) an outline of the challenges that developing countries face in maximizing ICT's contribution to growth - with policy recommendations aimed at surmounting these challenges."--Jacket.