Payoffs from investment in information technology: Lessons from the Asia-Pacific region

Kenneth L. Kraemer; Jason Dedrick

doi:10.1016/0305-750X(94)90183-X

Payoffs from investment in information technology: Lessons from the Asia-Pacific region

Kenneth L. Kraemer, Jason Dedrick

Research output: Contribution to journal › Article › peer-review

103 Scopus citations

Abstract

This paper examines the factors influencing investment in information technology (IT), and the payoffs from investment in IT use on productivity and economic growth in 12 Asia Pacific countries for 1984-1990. It finds a significant positive correlation between growth in IT investment and growth in both GDP and productivity over the seven-year period. Countries with higher growth rates in IT investment achieved consistently higher growth rates of GDP and productivity. This finding is consistent with the notion of IT-led development. It challenges the so-called productivity paradox, or the notion that investment in IT has not paid off in productivity improvements.

Original language	English (US)
Pages (from-to)	1921-1931
Number of pages	11
Journal	World Development
Volume	22
Issue number	12
DOIs	https://doi.org/10.1016/0305-750X(94)90183-X
State	Published - Dec 1994
Externally published	Yes

ASJC Scopus subject areas

Geography, Planning and Development
Development
Economics and Econometrics
Building and Construction
Sociology and Political Science

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10.1016/0305-750X(94)90183-X

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title = "Payoffs from investment in information technology: Lessons from the Asia-Pacific region",

abstract = "This paper examines the factors influencing investment in information technology (IT), and the payoffs from investment in IT use on productivity and economic growth in 12 Asia Pacific countries for 1984-1990. It finds a significant positive correlation between growth in IT investment and growth in both GDP and productivity over the seven-year period. Countries with higher growth rates in IT investment achieved consistently higher growth rates of GDP and productivity. This finding is consistent with the notion of IT-led development. It challenges the so-called productivity paradox, or the notion that investment in IT has not paid off in productivity improvements.",

author = "Kraemer, {Kenneth L.} and Jason Dedrick",

note = "Funding Information: *This research has heen supported by grants from the Computer, Information Sciences and Engineering (CISE) division of the US National Science Foundation, the University of CaliforniaP acific Rim ResearchP rogram,a nd the. National University of Singapore. Final revision accepted June 30.1994.",

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N1 - Funding Information: *This research has heen supported by grants from the Computer, Information Sciences and Engineering (CISE) division of the US National Science Foundation, the University of CaliforniaP acific Rim ResearchP rogram,a nd the. National University of Singapore. Final revision accepted June 30.1994.

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N2 - This paper examines the factors influencing investment in information technology (IT), and the payoffs from investment in IT use on productivity and economic growth in 12 Asia Pacific countries for 1984-1990. It finds a significant positive correlation between growth in IT investment and growth in both GDP and productivity over the seven-year period. Countries with higher growth rates in IT investment achieved consistently higher growth rates of GDP and productivity. This finding is consistent with the notion of IT-led development. It challenges the so-called productivity paradox, or the notion that investment in IT has not paid off in productivity improvements.

AB - This paper examines the factors influencing investment in information technology (IT), and the payoffs from investment in IT use on productivity and economic growth in 12 Asia Pacific countries for 1984-1990. It finds a significant positive correlation between growth in IT investment and growth in both GDP and productivity over the seven-year period. Countries with higher growth rates in IT investment achieved consistently higher growth rates of GDP and productivity. This finding is consistent with the notion of IT-led development. It challenges the so-called productivity paradox, or the notion that investment in IT has not paid off in productivity improvements.

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Payoffs from investment in information technology: Lessons from the Asia-Pacific region

Abstract

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