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Day: October 14, 2015

The role and impact of ICT on economy growth

The role and impact of ICT on economy growth

Title: The Role and Impact of ICT on Economy Growth

Name: KELLY WEE KHENG SOON

Faculty :FACULTY OF BUSINESS MANAGEMENT AND PROFESSIONAL STUDIES

University: MANAGEMENT AND SCIENCE UNIVERSITY (MSU)

TABLE OF CONTENTS

1.0 Introduction

2.0 Literature and theories

3.0 Role and Impact of ICT on Economy Growth

3.1  Role and Impact of ICT investment  

3.2  Measurement of ICT contribution to economic growth

3.3  Policy implication boosting economic growth

4.0 Future Research

5.0 Conclusions

6.0 References

 ABSTRACT

Use of information to the discretion of the prediction of economic growth driven by investments in the Information and Communication Technology(ICT). This paper discuss on the use of ICT that contributes to the economic growth and how it being measured. Prediction analysis resulting to empirical studies and research had been carried out between ICT and economic growth found there is both mixed results depending on the methodology of the research engaged and geographical landscape or situation that should be considered. The analysis of  estimates reveal a significant impact on economic growth of investments in ICT towards specific region implies whereby countries seek to enhance their economic growth, they need to implement specific policies that facilitate investment in ICT. A proposed future research has been made in this paper that could help to ensure the role and impact of ICT to spur the economy growth with the continuing trend that is growing is also given.

1.0    Introduction

This research paper is to examine whether ICT role and impact to the economy growth. Though there is so many debate about whether it does help in the progress over the past decade on the increase in the impact of economy and the way people work, communicate and spend time across countries around the world, however, research will explain that in the past decade several methods have …