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This paper explores the impacts of informatin technology investment on economic groth in a cross-section of 39 countries in the period 1980-95 by applying an explicit model of economic growth, the augmented version of the neoclassical (Solow) growth model.
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Both China and India, the emerging giants in Asia, have achieved significant economic development in recent years …. China has enjoyed a high annual GDP growth rate of 10 per cent and India has achieved an annual GDP growth rate of 6 per … cent since 1981. Decomposing China and India?s GDP growth from 1981 to 2004 into the three factors? contribution reveals …
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