Economic growth in the New Economy: evidence from advanced economies

Jalava, Jukka; Pohjola, Matti

doi:10.1016/s0167-6245(01)00066-x

Cited by 183 publications

(92 citation statements)

References 5 publications

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“…However, despite a theoretically justified link between investments in ICT and macroeconomic growth, the current research shows that the degree of the impact and the effectiveness of the link varies greatly even within the economies of the same type (e.g., developed, developing, transition, least developed) (Dewan & Kraemer, 2000;Pohjola, 2001;Piatkowski, 2003;OECD, 2005a;Oliner & Sichel, 2002;Jalava & Pohjola, 2002). Given this disparity, it is expected that policy and decision makers of the countries with the less pronounced macroeconomic benefits of investments in ICT are tasked to react appropriately and to improve the performance of investments; the current global economic situation will only emphasize the necessity of such actions.…”

Section: Investments In Telecoms Represent An Important Subset Of Ovementioning

confidence: 72%

Investigating the Impact of Investments in Telecoms on Microeconomic Outcomes: Conceptual Framework and Empirical Investigation in the Context of Transition Economies

Samoilenko

2013

Information Technology for Development

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We propose and test a conceptual model allowing for investigating the microeco nomic impact of investments in telecoms. While the impact of investments in telecoms on the macroeconomic outcomes has been previously investigated, there seems to be no published research that looked at the microeconomic impact of telecom investments. The proposed conceptual model links investments in telecoms with microeconomic constructs that are closely associated with such measure of macroeconomic bottom line as GDP; this allows us to outline a more detailed path traversed by the impact of investments. We use structural equation modeling to test the proposed model in the context of a sample of Transition Economies comprised of two groups differing in terms of the economic development. The results suggest the existence of the context-independent paths that are common to both groups; however, there is evidence that some of the impacts of investments in telecoms are dependent on the level of economic development. The results of the investigation offer valuable insights to decision and policy makers tasked with the responsibility of improving the micro-and macroeconomic impacts of investments in telecoms. KeywordsTelecom investments, information technology for development, information technology in developing and transition economies, structural equation modeling, PLS.

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Section: Investments In Telecoms Represent An Important Subset Of Ovementioning

confidence: 72%

Investigating the Impact of Investments in Telecoms on Microeconomic Outcomes: Conceptual Framework and Empirical Investigation in the Context of Transition Economies

Samoilenko

2013

Information Technology for Development

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“…The more a country is integrated with the global economy and global knowledge supply chains, and the more tradable are the services it produces, the more educational expansion can translate into knowledge-intensive service jobs. The second factor that shapes this relationship between and is investment in ICT, since it is a key tool through which knowledge can be managed inside organisations as well as in the market (Jalava & Pohjola, 2002) and a key reason for the growth of productivity in the service economy (Wren, Fodor & Theodoropoulou, 2013). The more a country invests in ICT, the more we can expect educational expansion towards general skills to translate into the expansion of knowledge-intensive service jobs.…”

Section: Discussionmentioning

confidence: 99%

Vicious and Virtuous Cycles of Female Labour Force Participation in Post-Socialist Eastern Europe

Avlijaš

2016

SSRN Journal

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Female labour force participation (hereinafter FLFP) trends across Eastern Europe, which were very high during communism, started to diverge substantially following its collapse. Women did not appear to benefit from the changing labour market conditions in those transition countries that pursued industrial upgrading as their strategy of economic development. On the other hand, in some small transition economies, most notably the Baltic countries, women benefited substantially from increased employment opportunities in the knowledgeintensive public and private sector services. This article seeks to explain the observed variation in FLFP rates across the region by synthesising insights from macroeconomic and comparative political economy literature. It identifies four key relationships between industrial upgrading, educational expansion and the expansion of knowledge-intensive services and examines how these factors interacted and translated into specific FLFP outcomes. The article suggests that industrial upgrading, driven by foreign direct investment, created a vicious cycle for FLFP. First of all, the upgrading led to a defeminisation of manufacturing because female labour-intensive sectors were not upgraded. Furthermore, the upgrading absorbed the budgetary resources that could have been used for educational reform and general skills formation. This lack of educational reform impeded the development of knowledge-intensive services, which would have been more conducive to the generation of female employment. The virtuous cycle of FLFP, on the other hand, occurred in those Eastern European countries that turned to reforming their educational sector towards general skills and expansion of tertiary education, with the aim of transforming themselves into knowledge economies. Such a transformation required an active social investment oriented state and an expansion of knowledge-intensive public and private sector employment. This development path created a positive causal loop for FLFP. I test these propositions quantitatively on a sample of 13 Eastern European countries.

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“…Jalava and Pohjola have stated that that ICT is one of two the most important factors in US economic growth in the 1990s. Additionally, they prove that ICT boosts growth in Finland from 0.3% to 0.7% in 1990s (Jalava & Pohjola, 2002). Schreyer stats that impact of ICT capital to economic growth of some European countries, the United States, Canada, and Japan during 1990-1996 is about 0.17-0.29% (Schreyer, 2000).…”

Section: Eu Policies In Order To Develop Tech Sectormentioning

confidence: 99%

Digital Transformation and Its Influence on GDP

Mićić

2017

Economics

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Summary Digital transformation as integration of digital technology into business results in fundamental changes of way world does business, communicate and develops on national and international level. There is increase of high-tech public spending which is connected with increase of need for high-tech as well as importance and benefits that it brings to development of economy. This so called digital or high-tech sector is one of the strategic sectors in the leading world economies, starting from the US and the European Union. EU recognized it in strategic document “Europe 2020” which sees this sector as key factor in smart growth based on tech knowledge and innovation. Europe, especially western and northern Europe, is trying to keep its competitiveness in global tech arena with USA and fast developing countries such as China and India as well as Asian tech giants such are Japan, South Korea and Singapore. There is increase of European countries investment in digital transformation through private and public ICT sector development which usually has positive impact on economic growth as well as key indicators such are GDP, productivity and employment. This paper provides basic review of digital transformation and high-tech sector in Europe as well as comparison between EU and Western Balkan countries. Additionally, there is analysis of influence of ICT spending on GDP growth. Paper could serve as basic for further research in area of influence of tech investment on key macroeconomics indicators.

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Economic growth in the New Economy: evidence from advanced economies

Cited by 183 publications

References 5 publications

Investigating the Impact of Investments in Telecoms on Microeconomic Outcomes: Conceptual Framework and Empirical Investigation in the Context of Transition Economies

Investigating the Impact of Investments in Telecoms on Microeconomic Outcomes: Conceptual Framework and Empirical Investigation in the Context of Transition Economies

Vicious and Virtuous Cycles of Female Labour Force Participation in Post-Socialist Eastern Europe

Digital Transformation and Its Influence on GDP

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