Estimation about Contribution from Information Technology in China’s Economy

Abstract:

To interpret the role of information technology (IT) in China’s economy, the paper focuses on examining the growth contribution from information technology with Production Probability Frontier and Dual Method during the period from 1980 to 2003. Our results indicate that the Chinese economic growth rate devoted to IT investment has risen steadily since 1990. The contribution share of total factor productivity (TFP) from IT in China has increased sharply after 1995, while the TFP growth rate from non-IT sector dropped at that period.

• Periodical: Applied Mechanics and Materials (Volumes 58-60)
• Pages: 304-308
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.58-60.304
• Online since: June 2011
• Authors: Shi Li
• Keywords: Economic Growth, Information Technology (IT), IT Capital Stock, IT Investment Analysis

References

[1] Scheibe J., The Chinese output gap during the reform period 1978-2002 (R). University of Oxford, Economics discussion paper series, 2003(179): 1-56.

[2] Heshmati A, Yang W., Contribution of ICT to the Chinese economic growth [R], The RATIO Institute and Techno-Economics and Policy Program, Seoul National Univ. 2006: 1-17.

[3] Jorgenson, D, W. Information technology and the U.S. Economy. American Economic Review. 2001(1): 1-32.

[4] Oliner, S. D and . Sichel, D. E Information technology and productivity: where are we now and where are we going? Journal of Policy Modeling, 2003 (25) : 477-503.

DOI: 10.1016/s0161-8938(03)00042-5

[5] Parham D., P. Roberts, H. Sun. Information technology and Australia's productivity surge (R). Productivity Commission Staff Research working Paper. Doi, 10. 2139/ssrn. 287799, Oct. 2001 http: /ssrn. com/abstract=287799.

DOI: 10.2139/ssrn.287799

[6] Harchaoui, T.M. and Tarkhani, F. C. et al. Information Technology And Economic Growth In Canada and the U.S. Monthly Labor Review, 2002(125): 3-12.

[7] Jorgenson D.W. and Stiroh, K.J. Computers and Growth. Economics of Innovation and New Technology 1995 (3): 295-31.

[8] Triplett J.E. High-tech Industry Productivity and Hedonic Price Indices. Proceedings of the OECD workshop on Industry Productivity: International Comparison and Measurement Issues Paris: Organisation for Economic Co-operation and Development. 1996, 119-142.

[9] National Statistic Bureau of China, China statistic yearboo(various years)China statistics press, 1980-(2005).

[10] Henry D., Dalton D., () Information technology industries in the new economy, Digital Economy, Chapter Ⅲ[M], Washington DC, Department of Commerce, 2002(ch3): 23-24.

[11] Schreyer P. The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries. 2000(1) 1-24.

[12] Colecchia, A. and Schreyer, P. ICT investment and economic growth in the 1990s: is the United States a unique case? Review of Economic Dynamics, 2002(5): 408-442.

DOI: 10.1006/redy.2002.0170

[13] Zhang, J Wu, G Y Zhang, P J Estimation of provincial capital stock in China: 1952-2000 , Economic Research, 2004(10): 35- 44.