781. Information Technology and Economic Development: An Introduction to the Research Issues
- Author:
- Matti Pohjola
- Publication Date:
- 11-1998
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- There is substantial evidence that new information technologies are in many ways transforming the operations of modern economies. More than half of employees use a computer at work in the most advanced industrial countries. About 10 per cent of the value of all private investment in fixed non-residential capital is devoted to computers and peripheral equipment in the United States and some other economies. This share goes up to 25 per cent when investment in information processing equipment is included. Nevertheless, all spending on information technology, including hardware, software and services, does not amount to more than 3-4 per cent of nominal GDP in these countries. The share is, however, increasing rapidly, indicating that a steady state has not yet been reached.
- Topic:
- Economics, Government, and Science and Technology
- Political Geography:
- United States