(LUẬN văn THẠC sĩ) the contribution of information and communication technologies investment on economic growth

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