The impact of investment in IT on economic performance: Implications for developing countries

Rouben Indjikian, Donald Siegel

Research output: Contribution to journalReview article

90 Citations (Scopus)

Abstract

We review quantitative and qualitative research on the impact of IT on economic performance in developed and developing countries. In general, studies from the developed world have yielded evidence of a strong positive correlation between IT and economic performance, as well as IT-induced changes in workforce composition in favor of highly skilled or educated workers and organizational changes that allow firms to implement IT more effectively. To maximize social returns to IT investment, policymakers in developing countries must address two key deficiencies: (1) a lack of knowledge of "best practices" in IT usage and (2) IT-related skill deficiencies in the workforce.

Original languageEnglish (US)
Pages (from-to)681-700
Number of pages20
JournalWorld Development
Volume33
Issue number5
DOIs
StatePublished - May 1 2005
Externally publishedYes

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developing world
developing country
organizational change
quantitative research
economics
best practice
performance
qualitative research
firm
worker
lack
evidence
Workforce
Economic performance
Developing countries
developed country
Qualitative research
Politicians
Developed countries
Quantitative research

Keywords

  • Developing countries
  • Information technology
  • Productivity
  • Skill-biased technological change

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • Sociology and Political Science
  • Economics and Econometrics

Cite this

The impact of investment in IT on economic performance : Implications for developing countries. / Indjikian, Rouben; Siegel, Donald.

In: World Development, Vol. 33, No. 5, 01.05.2005, p. 681-700.

Research output: Contribution to journalReview article

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