Record Details

Ict And Economic Growth – Short Term Causality Analysis

Research Journal of Economics, Business and ICT

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Field Value
 
Title Ict And Economic Growth – Short Term Causality Analysis
 
Creator Cadil, Jan; Unicorn College, Department of Economics and Management
Beranek, Marek; Unicorn College, Department of Information Technologies
 
Subject —
Economic Growth, Information Technologies, General Purpose Technology, Business Cycle, Causality
O14
 
Description Information technologies are often regarded as one of the modern sources of economic growth. They are usually linked to great inventions of the past and marked as a „general purpose technology“. Information technologies should affect whole economy reducing transaction cost and increasing production factors productivity. Companies utilizing information technologies should be more competitive than those which do not do that and countries with higher IT investments should grow faster. This whole story worked fine during 1990s and 2000s but the situation changed with the recession at the beginning of 2008. Although all the benefits from IT were still valid (or even more) companies reduced their IT spending dramatically in 2009. Such unexpected development raises a question if IT sector is not - at least in a short run - a dependent sector which is much more affected by than affecting the overall production. 
 
Publisher English Time Schools & Overseas Education
 
Contributor —
 
Date 2011-03-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.journals.cz/index.php/RJEBI/article/view/180
 
Source Research Journal of Economics, Business and ICT; Vol 1 (2011)
2047-7848
2045-3345
 
Language eng
 
Relation http://ojs.journals.cz/index.php/RJEBI/article/view/180/184
 
Rights Copyright (c) 2011 Jan Cadil, Marek Beranek
https://creativecommons.org/licenses/by/3.0/