Information Technology and the World Economy

  title={Information Technology and the World Economy},
  author={Dale W. Jorgenson and Khuong Minh Vu},
  journal={Emerging Markets: Finance},
This paper addresses the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions and 14 major economies during the period 1989–2003. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! The contributions of IT investment have increased in all regions, but especially in industrialized economies and… 
In this paper we compare the impact of hardware, software, and communication equipment, widely referred to as information and communication technologies (ICT), on economic growth among the advanced
Projecting World Economic Growth: The Contribution of Information Technology
A new framework for projecting potential world economic growth, taking into account the critical contribution of information and technology is introduced, to project the potential growth of labor productivity, GDP, and per capita GDP over the ten-year period 2006-2016 for 122 economies.
Can ICT Make a Difference in the Development of Transition Economies
Since 1995, information and communication technologies (ICT) have contributed to faster GDP and labour productivity growth in a number of developed countries, particularly the US. This has been shown
The long-run impact of ICT
This paper examines the growth impact of digital capital in the US and the EU-15 countries from a long-run perspective. It estimates the elasticity of output with respect to Information and
Information and communication technologies and their impact in the economic growth of Latin America, 1990-2013
This article examines the contribution of information and communications technologies (ICT) to economic growth and productivity in Latin America in the period 1990-2013. Increased ICT investment
The G20 and the world economy: Performance and prospects
Information Technologies and Economic Growth: Do the Physical Measures Tell Us Something?
This article explores the impact of different physical measures of information technology (IT) capital on the per capita income of 102 countries. This method not only allows counting on a great
ICT and Economic Growth
The contribution of information and communication technologies to growth leads to many discussions nourished by analyses characterised by significant methodological difficulties. For instance,
Rising Income Inequality: Technology, or Trade and Financial Globalization?
The paper examines the relationship between the rapid pace of trade and financial globalization and the rise in income inequality observed in most countries over the past two decades. Using a newly
Information and communication technology and economic growth in India
This paper examines the sources of economic growth in Indian economy since the 1980s, with particular focus on the role of information and communication technology (ICT). The impact of ICT on


Information Technology and the G7 Economies
  • D. Jorgenson
  • Economics, Computer Science
    Managing in the Information Economy
  • 2007
A powerful surge in investment in information technology and equipment after 1995 characterizes all of the G7 economies. This accounts for a large portion of the resurgence in US economic growth, but
Information Technology and the Japanese Economy
In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on the role of information technology (IT). We have adjusted Japanese data to
Growth of US Industries and Investments in Information Technology and Higher Education
This paper presents new data on the sources of growth for the US economy over the period 1977-2000. Our principal innovation is the incorporation of detailed information for individual industries,
Information technology and the American growth resurgence
A study of information technology and economic growth since 1995 that tracks the American growth resurgence to its sources within individual industries. The American economy has experienced renewed
Accounting for Growth in the Information Age
The "killer application" of the new framework for productivity measurement presented in this paper is the impact of information technology (IT) on economic growth. A consensus has emerged that the
Economic growth in the information age
The relentless decline in the prices of information technology (IT) has steadily enhanced the role of IT investment as a source of economic growth in the United States. Productivity growth in
The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?
The performance of the U.S. economy over the past several years has been remarkable, including a rebound in labor productivity growth after nearly a quarter century of sluggish gains. To assess the
There Is No Silver Bullet: Investment and Growth in the G7
This paper considers the relative importance of investment and productivity in the growth of the G7 countries during the period 1960-89. Investment is the commitment of resources in the expectation
Raising the Speed Limit
This paper examines the underpinnings of the successful performance of the US economy in the late 1990s. Relative to the early 1990s, output growth has accelerated by nearly two percentage points. We
Productivity in the United States: trends and cycles
Productivity growth in the US has taken a sharp downturn in recent years. Two experts provide a new body of comparative data on productivity since 1948 by major sector and industry. The book analyzes