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ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries
Author:
Mr. Markus Haacker
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 066
Language:
English
Publication Date:
01 Mar 2010
DOI:
https://doi.org/10.5089/9781451982107.001
ISBN:
9781451982107
ISSN:
1018-5941
Pages:
50
Keywords:
WP; capital deepening; ICT equipment; rate of depreciation; economic growth
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we quantify the growth impacts of absorption of ICT equipment, finding that ICT-related capital deepening contributed 0.2 percentage points to growth in low-income countries, and 0.3 percentage points in low-middle-income countries. The latter is about half the level typically found for industrialized countries.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund