The long-run impact of information and communication technology on economic output: the case of Australia

Shahiduzzaman, Md. and Alam, Khorshed (2014) The long-run impact of information and communication technology on economic output: the case of Australia. Telecommunications Policy, 38 (7). pp. 623-633. ISSN 0308-5961

Abstract

This paper investigates the cointegration and causal relationships between Information and Communication Technology (ICT) and economic output in Australia using data for about five decades. The framework used in this paper is the single-sector aggregate production function, which is the first comprehensive approach of this kind to include ICT and non-ICT capital and other factors to examine long-run Granger causality. The empirical evidence points to a cointegration relationship between ICT capital and output, and implies that ICT capital Granger causes economic output and multifactor productivity, as does non-ICT capital.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: © 2014 Elsevier Ltd. 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: 29 Aug 2014 06:14
Last Modified: 04 Jul 2016 23:32
Uncontrolled Keywords: causality; cointegration; economic growth; information and communication technologies
Fields of Research : 14 Economics > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150307 Innovation and Technology Management
16 Studies in Human Society > 1605 Policy and Administration > 160505 Economic Development Policy
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.2014.02.003
URI: http://eprints.usq.edu.au/id/eprint/25873

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