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The Economic Impact of ICT

Measurement, Evidence and Implications

image of The Economic Impact of ICT

Information and communications technology (ICT) has become a key driver of economic growth over the past decade. The rapid diffusion of the Internet, of mobile telephony and of broadband networks all demonstrate how pervasive this technology has become. But how precisely does ICT affect economic growth and the efficiency of firms? And how well can these effects be measured?

This report provides an overview of the economic impact of ICT on economic performance, and the ways through which it can be measured. Using available OECD data, the first part of the book examines the available measures of ICT diffusion, the role and impact of ICT investment and the role of ICT-using and ICT-producing sectors in overall economic performance. The second part of the book offers nine studies for OECD countries, based on detailed firm-level data and prepared by researchers and statisticians from a wide range of OECD countries. These studies use a variety of methods and provide detailed insights on the effects of ICT in individual countries.

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ICT Investment in OECD Countries and Its Economic Impacts

This chapter examines the measurement of ICT investment and its role in economic growth. It explores the problems that exist in producing reliable measures of ICT investment and comparing them across countries. Particular attention is also given to the issues associated with the measurement and comparison of ICT prices. The chapter also discusses how measures of ICT investment and capital can be used to make a quantitative assessment of the economic impacts of ICT. Estimates of such impacts are presented for a range of OECD countries...

English

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