Economics, Econometrics and Finance
8 years ago

Slowing IT productivity poses challenge for Australia's economic growth.

Telecommunications Policy
Information technology and its changing roles to economic growth and productivity in Australia
Md Shahiduzzaman, Khorshed Alam

Paper Summary

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Investing in information technology (IT) has had a big impact on Australia's economy. A study looked at how IT investment affected economic output and productivity over 40 years. In the 1990s, IT capital significantly boosted output, labor productivity, and technical progress. But in recent years, the benefits have slowed down. Australia needs to find ways to make IT investments more productive in the future.