THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON ECONOMIC GROWTH: TURKISH CASE

Abstract

In the modern economic perspective information and communication technology is seen as an important production factor by reason of knowledge-driven (new) economy. Many researches assess that knowledge, innovation and technological changes become important factor for economic growth. Furthermore modern growth theory highlights the importance of knowledge for economic growth. Depending on this, investing on information and communication technology becomes more important. Therefore, determining the impact of information and communication technology on economic growth arouse interest of researchers. The main purpose of this paper is to put forth the impact of information and communication technology on economic growth for Turkey with the theoretical background. Characterization of information and communication technologies and a framework of impact of information and communication on economic growth will be presented. On the other hand, impact of information and communication technology on main sectors that effects growth is aimed to be examined. This will provide a better understanding of impacts of information and communication technology on economic growth and ICT-sensitive sectors that effect economic growth for Turkey. The hypothesis to be tested is whether information and communication technology boosts economic growth especially through ICTsensitive sectors. In this context, the importance of results, which obtained from time-series analysis, in examination of the relationship between information and communication technology and economic growth is assessed. Thus, a contemporary analysis of the impact of information and communication technology on economic growth would contribute to discussions.

Keywords

• Economic Growth, ICT-sensitive sectors, Information and Communication, Knowledge

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