A literature review on the impact of ICT on economic growth

Abstract

This research tries to conduct a review of the literature on the topic of ICT impact on economic growth. First we try to define what ICT is and discuss the poor empirical results of the 90s. Then, the results of some research are presented. A plethora of econometric techniques has been employed over the years in order to capture the ICT effect and we try to present them as well. Findings from several investigations provide evidence that a positive relationship between ICT and growth exists. Moreover they provide evidence that the US outperforms European countries.