Khuong Minh Vu
Abstract: Measuring the impact of ICT investment on economic growth has been thoroughly examined for a number of industrialized countries. This study provides a cross-country view on this issue by assessing the impact of ICT on economic growth for 50 major ICT-spending countries, which together account for over 90% of the global ICT market. We find that the key determinants of the variance of ICT contribution to growth across economies include education, institutional quality, openness, and English fluency. Furthermore, ICT investment has a significant impact on economic growth not only as traditional investment, but also as a boost to efficiency in growth: a higher level of ICT capital stock per capita allows an economy to achieve a higher growth rate for given levels of growth in labor and capital inputs.
Abstract: This paper focuses on the policy issues on embracing the ICT revolution to promote economic growth. The paper discusses the risk of targeting the ICT-producing sector as a strategic industry and analyzes the trade-off due to neglecting efforts to foster the diffusion of ICT throughout the economy. The paper concludes that promoting ICT diffusion throughout the economy is more crucial than targeting the ICT-producing sector for a country to reap the benefits of ICT for economic growth. The paper then introduces an economic framework, which underlies an effective ICT agenda.
Papers in Progress
Abstract: This paper examines the correlations between ICT investment and the key financial ratios for 57 major industries in the U.S economy. These correlations reveal how ICT has impacted firm management in the U.S.
Abstract: The paper conducts a cross-country study of over 80 emerging capital markets to investigate the key determinants of growth and performance of emerging capital markets.
Working Papers/Reports from Recent Consulting Works
USAID/VNCI, October 2005.
IFC/MPDF Private Sector Development Discussion Paper, December 2004.
Development Alternatives, Inc.(DAI)/OntheFRONTIER Internal Report, January 2004.
World Bank Internal Working Paper, August 2003.
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