(Luận văn) the contribution of information and communication technologies investment on economic growth

UNIVERSITY OF ECONOMICS INSTITUTE OF SOCIAL STUDIES HO CHI MINH CITY THE HAGUE t to ng VIETNAM THE NETHERLANDS hi ep n w VIETNAM - NETHERLANDS lo ad PROGRAMME FOR M.A IN DEVELOPMENT ECONOMICS ju y th yi pl n ua al va n THE CONTRIBUTION OF INFORMATION AND COMMUNICATION TECHNOLOGIES INVESTMENT ON ECONOMIC GROWTH ll fu oi m at nh z z k m THAN PHUONG LAN j ht vb BY gm m co l MASTER OF ARTS IN DEVELOPMENT ECONOMICS an Lu n va y te re HO CHI MINH CITY, DECEMBER 2013 UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAM INSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDS t to ng hi ep VIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVELOPMENT ECONOMICS n w lo ad ju y th yi pl n ua al THE CONTRIBUTION OF INFORMATION AND COMMUNICATION TECHNOLOGIES INVESTMENT ON ECONOMIC GROWTH n va ll fu oi m A thesis submitted in partial fulfilment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS at nh z z j ht vb k m By gm THAN PHUONG LAN n va Assc Prof Dr NGUYEN TRONG HOAI an Lu Assc Prof Dr PHAM HOANG VAN m co l Academic Supervisor: y te re HO CHI MINH CITY, DECEMBER 2013 ACKNOWLEDGEMENTS t to ng Writing process of a thesis is a collaborative experience involving the helps and hi supports from many people I want to express my gratitude to those who give me ep the great support to complete this study w n I am deeply indebted to Associate Professor Doctor Pham Hoang Van, Lecturer at lo ad Department of Economics, Baylor University (USA), Fulbright Scholar, is a super y th supervisor Thanks for his encouragements and useful comments to pursue this ju topic from the initial ideas to the final completion as well as enable me to develop a yi pl deeply understanding on my thesis al n ua Equally, I also wish to express my grateful thanks to Associate Professor Doctor n va Nguyen Trong Hoai, Lecturer at Department of Economics Development, fu University of Economic (HCMC), my second supervisor, for his valuable ll suggestions during the time I write this thesis His wide knowledge, excellent oi m advice and logical way of thinking have provided me a good basis in present this at nh thesis z z Doctor Truong Dang Thuy, Lecturer at Department of Economics Development, vb j ht University of Economic (HCMC), has provided me many useful comments that k m help me to improve my academic writing skill as well as critical thinking Thanks gm for his nice supports and helpful advices l m co Doctor Pham Khanh Nam, Lecturer at Department of Economics Development, University of Economic (HCMC), has supports me in initial ideas for this thesis and an Lu provides me useful data source that help me a lot to continue this thesis n va By the way, I also would like to express sincere thanks to Anders Halvorsen, Vice y (WITSA) organization He has provided me the Digital Planet Reports versions te re President, Administration of World Information Technology and Services Alliance 2002, 2004, 2006, 2008 and 2010 that covers all my needed data for ICT spending Without his data, I would not be able to complete my thesis t to ng Equally, I also wish to express my grateful thanks to Dr Vu Minh Khuong, hi ep Assistant Professor Lee Kuan Yew School of Public Policy, National University of Singapore (Singapore) Although very busy with his job, he did give me a lot of n w knowledge, data and useful advices for me to solve my problem when I got stuck lo and complete my thesis ad y th During years at VNP course, lectures and many friends have encouraged, reposed ju yi trust in me and motivated me to overcome all difficulties in learning and my life pl n ua Than Phuong Lan al Thanks for all n va ll fu Dec 2013 oi m at nh z z j ht vb k m gm m co l an Lu n va y te re ABSTRACT t to ng Growth accounting method to measure the contribution of Information and hi ep Communication Technologies (ICT) investment on economic growth has widespread in 1990s in the United States and then in many other developed w n countries including Europe, G7 This study extends growth accounting exercise in a lo ad large sample of 32 countries in recent period from 2005 to 2010 Results from this y th study prove that ICT capital investment is a very important factor Although its ju contribution is not largely as non-ICT capital, its share in economic growth is not yi pl small and positive in all countries including developed and developing groups Even ua al in the period after financial crisis in year 2008, ICT investment is recognized a n positive contribution to economic growth in all economies in sample va n Such country-by-country results, however, “are not sufficient to judge how fu ll significant ICT has impacted output growth across economies” as Vu (2005) oi m mentioned Therefore, in my research, I continue to analyze the main channels nh at through which ICT investment influences the economic growth and evaluate its z impacts on each channels By applying regression analysis, this study finds a robust z j ht vb and positive statistically significant between ICT capital on output growth and on TFP growth through spillovers effects in the full sample of 32 countries, especially m k in developing economies group For developed economies, the empirical evidence gm m co impact on TFP growth through spillovers l of ICT impact on output growth is smaller and even not statistically significant an Lu Finally, an empirical regression model is build in order to find out determinants of variation on the contribution of ICT investment on economic growth in this y from these variables are smaller in later period of post-2008 te re quality is not statistically significant in period before 2008 However, those impacts n English fluency are the most significant and positively impact although institutional va research Regression results show that education, openness, inward FDI, health and ABBREVIATIONS t to ng hi ep ICT Information and Communication Technologies OLS Ordinary Least Square Instrument Variables n w IV lo Total Factor Productivity ad TFP y th TFPG Total Factor Productivity Growth ju yi FDI Foreign Direct Investment pl al Europe US United States UK United Kingdom G7 Group of Developed Countries: U.S, U.K, France, Germany, n ua EU n va ll fu oi m at nh Italy, Canada and Japan z z Organization for Economic Co-operation and Development WITSA World Information Technology and Services Alliance BEA U.S Bureau of Economic Analysis UNDP United Nations Development Programme j ht vb OECD k m gm m co l an Lu n va y te re (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth CONTENTS ACKNOWLEDGEMENTS t to ABSTRACT ng ABBREVIATIONS hi ep Chapter I INTRODUCTION Problem Statement n w 1.1 lo 1.2 Research Questions y th Organization of the Study ju 1.4 ad 1.3 Research Objectives yi Chapter II pl THEORETICAL BACKGROUND al Sources of Economic Growth n ua 2.1 Two Views of Capital 2.1.2 Explaining Sources of Economic Growth n fu ICT and Its Impacts on Economic Growth 11 ll 2.2 va 2.1.1 oi m Information and Communication Technologies (ICT) 11 2.2.2 Accessing the Channels of Contribution to Growth by ICT 11 at 2.3 nh 2.2.1 Measuring the Contribution of ICT Investment to Economic Growth 15 z Approaches for Evaluating the Impacts of ICT on Growth 15 z 2.3.1 vb j ht 2.3.2 Measuring the Contribution of ICT Investment as a Source of Economic Growth 16 m Empirical Literature 19 k 2.3.3 gm m co l 2.4 Determinants of the Variations in ICT Magnitude Contribute to Economic Growth 33 Chapter III 38 3.1 an Lu RESEARCH METHODOLOGY 38 Estimating ICT and non-ICT Capital services 38 3.1.3 The measurement of ICT Capital Stock using PIM 43 3.1.4 Quantities and User cost of ICT Capital Services 44 y Real ICT Investment Flows 42 te re 3.1.2 n ICT Investment Flows Calculation 40 va 3.1.1 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth 3.2 Methodology 47 t to 3.2.1 Growth Accounting For Contribution to Economic Growth of ICT Investment 47 ng hi ep 3.2.2 Impacts of ICT on Economic Growth 49 3.2.3 Determinants of ICT Contribution to Growth 54 CHAPTER IV 60 n w EMPIRICAL RESULTS AND DISCUSSIONS 60 lo 4.1 The Contribution of ICT to Economic Growth 60 ad 4.1.1 ICT vs Non-ICT Capital 65 yi The Impacts of ICT Investment to Economic Growth 66 pl 4.2 The Share of ICT Contribution to Output Growth Rate 64 ju 4.1.3 y th 4.1.2 Magnitude of ICT Contribution to Growth 60 al ICT is Capital Input Contribute to Economy Output 66 4.2.2 Spillover effects of ICT Investment on TFP Growth 71 n va Determinants of Variations of ICT Contribution to Economic Growth 74 n 4.3 ua 4.2.1 fu ll CHAPTER V 81 oi m IMPLICATIONS AND CONCLUSIONS 81 Conclusion 81 5.2 Implications 83 5.3 Limitations 86 at nh 5.1 z z vb j ht REFERENCES 88 k m APPENDIX A 96 gm INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) 96 l APPENDIX B 99 m co ICT CONTRIBUTION TO ECONOMIC GROWTH (RESULTS OF GROWTH ACCOUNTING METHOD) 99 an Lu n va y te re (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth Norris, P (2000, August) The global divide: Information poverty and Internet access worldwide In Internet conference at the international political science t to world congress in Quebec city (pp 1-6) ng hi ep OECD (2002), Measuring the Information Economy, www.oecd.org/sti/measuring- infoeconomy, Paris w n Oliner, S D., & Sichel, D E (2000) The resurgence of growth in the late 1990s: is lo ad information technology the story? The Journal of Economic Perspectives, y th 14(4), 3-22 ju yi O'Mahony, M., & Vecchi, M (2005) Quantifying the impact of ICT capital on pl ua al output growth: a heterogeneous dynamic panel approach Economica, 72(288), 615-633 n va n Oulton, N (2002) ICT and productivity growth in the United Kingdom Oxford fu ll Review of Economic Policy, 18(3), 363-379 oi m Piatkowski, M (2002) The new economy and economic growth in transition nh at economies: The relevance of institutional infrastructure (No 2002/62) z z WIDER Discussion Papers//World Institute for Development Economics vb (UNU-WIDER) j ht m k Piatkowski, M (2003a) The contribution of ICT investment to economic Growth gm and labor productivity in Poland 1995-2000 l Productivity in Transition Economies? m co Piatkowski, M (2003b) Does ICT investment matter for Growth and Labor an Lu Pilat, D., & Lee, F C (2001) Productivity Growth in ICT-producing and ICT-using n va Industries Technology and Industry Working Papers, OECD Publishing, (4), te re y 93 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth Qiang, C Z W., Pitt, A., & Ayers, S (2004) Contribution of information and communication technologies to growth (No 24) World Bank-free PDF t to ng Romer, P M (1990) Endogenous technological change Journal of political hi ep Economy, S71-S102 Röller, L H., & Waverman, L (2001) Telecommunications infrastructure and n w economic development: A simultaneous approach American Economic lo ad Review, 909-923 y th ju RWI, G R (2002) New economy–an assessment from a German viewpoint yi Research Project-Ministry of Economics and Technology of Federal pl ua al Republic of Germany, Berlin n Sachs, J D., & Warner, A M (1997) Fundamental sources of long-run growth va n The American Economic Review, 87(2), 184-188 ll fu Economic Review, 178-18 oi m Sala-i-Martin, X X (1997) I just ran two million regressions The American at nh z Schreyer, P (2000) The contribution of information and communication technology z j ht vb to output growth: a study of the G7 countries (No 2000/2) OECD Publishing k m m co l quarterly journal of economics, 70(1), 65-94 gm Solow, R M (1956) A contribution to the theory of economic growth The Solow, R M (1957) Technical change and the aggregate production function The an Lu review of Economics and Statistics, 39(3), 312-320 n va Solow, R M (1960) Investment and technical progress Mathematical methods in y te re the social sciences, 1, 48-93 94 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth Stiroh, K J (2002) Are ICT spillovers driving the new economy? Review of Income and Wealth, 48(1), 33-57 t to ng van der Wiel, H (2000) ICT important for growth CPB Report 2000, 2, 17-23 hi ep Vu, K (2005) Measuring the Impact of ICT Investments on Economic Growth Submitted to Journal of Economic Growth, October Retrieved from n w http://www ksg harvard edu/cbg/ptep/khuongvu/Papers htm lo ad Young, J R (2001) Does' digital divide'rhetoric more harm than good? y th ju Chronicle of Higher Education, yi pl n ua al n va ll fu oi m at nh z z j ht vb k m gm m co l an Lu n va y te re 95 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth APPENDIX A t to INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) ng hi ep Definition of ICT producing sector as the agreement by OECD members which is n w based on ISIC Rev (International Standard Classification) as in OCED (2002) is lo describe through this box ad ju y th Box OECD definition of ICT-producing industries yi pl Manufacturing al Manufacture of office, accounting and computing machinery 3130 Manufacture of insulated wire and cable 3210 Manufacture of electronic valves and tubes and other electronic components 3220 Manufacture of television and radio transmitters and apparatus for line telephony and line telegraphy 3230 Manufacture of television and radio receivers, sound or video recording or reproducing apparatus, and associated goods 3312 Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment 3313 Manufacture of industrial process control equipment n ua 3000 n va ll fu oi m at nh z z j ht vb m k Services – goods related gm Wholesale of machinery, equipment and supplies 7123 Renting of office machinery and equipment (including computers) Services – intangible 6420 Telecommunications 7200 Computer and related activities m co l 5150 an Lu n va Source: OECD (2002) y te re 96 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth Products from ICT producing sectors can be categories into types including computer hardware, computer software, communications and computer services as t to definition from Digital Planet Report 2010 which published by WITSA (The World ng hi Technology and Services Alliance) organization ep Computer hardware includes: w n  Computers lo ad  Storage devices yi  Printers ju y th  Memory upgrades pl  Monitors n fu  Terminals va  Input-output devices n ua al  Scanners ll  Other peripherals and bundled operating system oi m at nh Computer Software includes package software: z  Operating system z j ht vb  Database system m  Programming tools k  Utilities gm m co l  Applications Communications include voice and data communications equipments as well as Wireless - Paging y - te re Local and long distance wire-line n - va  Voice and data communications services: an Lu services that are: 97 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth t to ng hi - Satellite - Internet access - Private line services - Other data communication services ep  Voice and data communications equipments: wire-line and wireless telephone handsets - legacy and IP PBXs n w - lo ad - key system y th wire and wireless LAN equipment - WAN equipment - Central office equipment - Modems - Multiplexers - Telephone answering machines and system ju - yi pl n ua al n va ll fu oi m Computer services include outsourced services such as: nh at  IT consulting z  Computer system integration z j ht vb  Outsourced custom software development l m co  Equipment maintenance an Lu  Computer disaster recovery  gm  Office automation k  Network system and network system integration m  Outsourced www (world wide web) page design and Web hosting Data processing services n va y te re 98 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth APPENDIX B t to ng ICT CONTRIBUTION TO ECONOMIC GROWTH (RESULTS OF GROWTH ACCOUNTING METHOD) hi ep n w lo Table B-1: ICT contribution to economic growth – results of growth accounting method ad ju y th pl ua al n n va ll fu oi m at nh z z j ht vb GDP growth 2.92 1.58 1.32 1.53 0.43 1.29 0.85 1.29 0.51 4.56 1.40 3.86 1.52 yi y te re 0.20 1.73 -0.68 -0.01 -0.07 1.67 n 99 -0.12 1.52 1.90 -0.56 0.62 0.87 va 0.90 0.74 2.43 0.57 1.32 2.21 an Lu 0.11 0.27 0.21 0.56 0.15 0.17 -0.46 -1.46 0.31 -0.19 0.12 0.65 m co 1.09 4.26 3.86 0.55 2.02 4.92 0.39 1.18 -0.36 0.01 0.67 0.74 l 1.30 1.14 0.43 1.23 0.96 0.45 gm 0.07 0.21 0.23 0.28 0.20 0.41 k 1.30 1.08 0.60 1.33 1.95 2.26 m Country Australia Austria Belgium Canada Denmark Finland France Germany Greece Hong Kong Ireland Korea Netherlands New Zealand Norway Portugal Spain Sweden Switzerland United States Brazil Chile Hungary Mexico Venezuela Average of 2005 -2010 NonICT Labor (hours ICT Capital Capital worked) TFP Growth 0.15 1.94 1.32 -0.49 0.25 0.39 -0.08 1.03 0.24 0.74 0.69 -0.35 0.27 1.27 0.45 -0.46 0.21 0.87 0.09 -0.75 0.29 0.62 0.28 0.10 0.15 0.74 0.08 -0.13 0.13 0.32 0.21 0.63 0.21 1.17 0.13 -1.00 0.10 0.96 0.31 3.18 0.31 1.47 -0.45 0.07 0.21 1.20 -0.34 2.80 0.31 0.61 0.41 0.19 (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth (Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth(Luận.văn).the.contribution.of.information.and.communication.technologies.investment.on.economic.growth