Modern Communication Technology and Its Economic Impact: A Survey of Research Findings

DIGIWORLD ECONOMIC JOURNAL, no. 100, 4th quarter. 2015, p. 125

20 Pages Posted: 30 Sep 2016

See all articles by M. Ishaq Nadiri

M. Ishaq Nadiri

New York University (NYU) - Department of Economics; National Bureau of Economic Research (NBER)

Banani Nandi

Consumer Lab

Date Written: November 16, 2015

Abstract

In the last two decades, explosive innovation in Information and Communications Technology (ICT) and rapid expansion of modern communications networks with fixed and mobile broadband access features are changing the way we access, store and transmit information bringing significant efficiency gains in all activities. In this paper we intend to identify the various channels through which ICT is influencing many activities that impact the economy. Empirical findings reviewed in this paper support the role of ICT as an important source of economic growth and productivity with asymmetric effects across industries and sectors. This analysis summarizes the different methodologies explored by various researchers to measure the impact of ICT on the economy by incorporating the spillover effects of ICT into the impact measurement. Impacts of the use of ICT capital and ICT infrastructure on structure of production and input demands are also discussed. This aspect is very important for understanding the consequences of ICT use on aggregate demand for labor, composition of labor skills and type of capital formation.

Keywords: communications, ICT, broadband, infrastructure, marginal benefits, productivity.

JEL Classification: D2, D24, L86, L96, O47

Suggested Citation

Nadiri, M. Ishaq and Nandi, Banani, Modern Communication Technology and Its Economic Impact: A Survey of Research Findings (November 16, 2015). DIGIWORLD ECONOMIC JOURNAL, no. 100, 4th quarter. 2015, p. 125. Available at SSRN: https://ssrn.com/abstract=2845373

M. Ishaq Nadiri (Contact Author)

New York University (NYU) - Department of Economics ( email )

269 Mercer Street, 7th Floor
New York, NY 10011
United States
212-998-8968 (Phone)
212-995-4013 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Banani Nandi

Consumer Lab ( email )

Murray Hill, NY 07974
United States

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