Khuong Minh Vu

Measuring the Impact of ICT Investments on Economic Growth (Submitted to Journal of Economic Growth, October 2005)

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.

Information Technology and the World Economy (with Dale Jorgenson) (Scandinavian Journal of Economics, Volume 107, Issue 4, December 2005)

Embracing the ICT Revolution to Promote Economic Growth in Developing Countries: Policy Challenges (January 2004)

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.

Impact of ICT on Firm Financial Management


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.

Determinants of Emerging Capital Markets Growth and Performance: A Cross-Country Empirical Study


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.

e-Government and Business Competitiveness: A Policy Review (with Darrell West)
USAID/VNCI, October 2005.

Competitiveness of Vietnam’s Three Largest Cities (with Jonathan Haughton)
IFC/MPDF Private Sector Development Discussion Paper, December 2004.

Cluster Initiatives and Building Competitiveness for Vietnam: An Evaluation Report on the Pilot Phase of the Vietnam Competitiveness Initiative (VNCI)
Development Alternatives, Inc.(DAI)/OntheFRONTIER Internal Report, January 2004.

City-to-City Partnership for Development: A First Phase Evaluation Report of the Partnership between Seattle (USA) and Haiphong (Vietnam)
World Bank Internal Working Paper, August 2003.

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