2017/04/05 by Pawan Kumar, Kumar, Dr. Pawan
Economics, Econometrics and Finance · #Economic Growth and Productivity #Economic Theory and Policy #FOS: Economics and business #Fiscal Policy and Economic Growth #General Economics (econ.GN) #General Finance (q-fin.GN)
paper · pdf · doi:10.48550/arxiv.1704.01316
openalex publication_date 2017/04/05 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
How technology affects growth or employment has long been debated. With a hiatus, the debate revived once again in the form of how Information and Communications Technology, as a form of new technology, exerts on productivity and employment. Information and Communications Technology perceived as General Purpose Technology like steam engine or electricity in the past, ushered the world into a new techno-economic paradigm, given its deep social, economic and cultural implications. For instance, within economic implication, it is hard to imagine an economic activity that does not it, directly or indirectly. Eventually, Information and Communications Technology intensity, measure as the ratio of Information and Communications Technology investment to total investment, increased phenomenally in industries across sectors.