Information technology and its changing roles to economic growth and productivity in Australia

Shahiduzzaman, Md. and Alam, Khorshed (2014) Information technology and its changing roles to economic growth and productivity in Australia. Telecommunications Policy, 38 (2). pp. 125-135. ISSN 0308-5961

Abstract

In this paper we describe our investigation of the role of investment in information technology (IT) on economic output and productivity in Australia over a period of about four decades. The framework used in this paper is the aggregate production function, where IT capital is considered as a separate input of production along with non-IT capital and labour. The empirical results from the study indicate the evidence of robust technical progress in the Australian economy in the 1990s. IT capital had a significant impact on output, labour productivity and technical progress in the 1990s. In recent years, however, the contribution of IT capital on output and labour productivity has slowed down. Regaining the IT capital productivity therefore remains as a key challenge for Australia, especially in the context of greater IT investment in the future.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version in accordance with the copyright policy of the publisher.
Faculty / Department / School: Historic - Australian Digital Futures Institute
Date Deposited: 20 Sep 2013 02:52
Last Modified: 28 Apr 2017 04:22
Uncontrolled Keywords: economic growth; information technology; productivity; Australia
Fields of Research : 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150307 Innovation and Technology Management
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150302 Business Information Systems
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9104 Management and Productivity > 910406 Technological and Organisational Innovation
Identification Number or DOI: 10.1016/j.telpol.2013.07.003
URI: http://eprints.usq.edu.au/id/eprint/24072

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