The Relationship between ICT Investment and Economic Growth in China
This paper studies the relationship between information and communication technology (ICT ) investment and economic growth by applying Solow Growth Model and Granger Causal Relationship Test. The results based on the data of Chinese macroeconomic from 1996 to 2008 indicate that there is a bidirectional relationship between real gross domestic product (GDP) and ICT investment in China. On one hand, ICT investment can promote economic growth. However, when the impact of technical progress rate on economic growth is considered, the elasticity of output with respect to ICT investment is sensitive. On the other hand, as GDP of last year grows every 1 per cent, ICT investment will increase by 1.844 percentages. After fully discussed on the results, the paper aims to give a suggestion on how to make choice and adjust investment in essential factors for the growth of economic.
ict investment economic growth technical progress rate
Lan-li Yi Lan Zheng Qiang Yan Yun Li
School o f Economics and Management Beijing University of Posts and Telecommunications Beijing, Chin International School Beijing University of Posts and Telecommunications Beijing, China
国际会议
成都
英文
136-140
2010-07-09（万方平台首次上网日期，不代表论文的发表时间）