Information technology and its changing roles to economic growth and productivity in Australia
Article
Article Title | Information technology and its changing roles to economic growth and productivity in Australia |
---|---|
ERA Journal ID | 5090 |
Article Category | Article |
Authors | Shahiduzzaman, Md. (Author) and Alam, Khorshed (Author) |
Journal Title | Telecommunications Policy |
Journal Citation | 38 (2), pp. 125-135 |
Number of Pages | 11 |
Year | 2014 |
Place of Publication | Oxford, United Kingdom |
ISSN | 0308-5961 |
1879-3258 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.telpol.2013.07.003 |
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. |
Keywords | economic growth; information technology; productivity; Australia |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
359999. Other commerce, management, tourism and services not elsewhere classified | |
350303. Business information systems | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Australian Digital Futures Institute |
Australian Centre for Sustainable Business and Development | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q2136/information-technology-and-its-changing-roles-to-economic-growth-and-productivity-in-australia
1974
total views16
total downloads6
views this month0
downloads this month