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Can ICT Make a Difference in the Development of Transition Economies?

  • Marcin Piatkowski
Chapter
Part of the Technology, Globalization and Development Series book series (TGD)

Abstract

Since 1995, information and communication technologies (ICT) have contributed to faster GDP and labour productivity growth in a number of developed countries, particularly the US. This has been shown by numerous research studies on the impact of ICT on the macro, industrial and micro-level.1 Despite the collapse of the ‘Internet bubble’ in 2001, fast growth in productivity spurred by ICT has not been arrested. Recent estimates of the US Department of Labor (2004) show that labour productivity growth in the US during 1995–2004 was more than twice the average of the previous two decades. Jorgenson et al. (2004) project that this high productivity growth will continue until 2010.

Keywords

Productivity Growth Total Factor Productivity Transition Economy Labour Productivity Growth High Productivity Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Marcin Piatkowski 2006

Authors and Affiliations

  • Marcin Piatkowski

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