The impacts of ICT investments on economic growth in developed and developing countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086484" target="_blank" >RIV/61989100:27510/13:86086484 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
The impacts of ICT investments on economic growth in developed and developing countries
Original language description
This paper examines the impact of ICT capital on economic growth in groups of developed and developing countries during the years 1990-2011. The Cobb-Douglas production function with three inputs (ICT capital, non-ICT capital, total hours worked) is estimated using panel least squares method. The fixed effects model in the first absolute differences was used. The estimated panel production functions confirmed the positive impact of ICT capital on economic growth with higher intensity for developed countries compared with group of developing economies. The growth of ICT capital was statistically significant as an explanatory variable and also as a part of the total productivity factor. The research also discovered the impact of global economic crisis: in 2008 and 2009 the total factor productivity had negative values. The obtained results of the study are comparable with similar empirical studies (Dedrick et al., 2011), but this study concluded, that ICT capital has higher elasticity of
Czech name
—
Czech description
—

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)