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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Systémové přístupy 2013

ISBN

978-80-245-1982-1

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

16-23

Název nakladatele

Oeconomica

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

10. 10. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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