This paper tests the impact of ICT on economic growth for underdeveloped and developing countries by using a panel dataset for the period of 1995-2006. We first develop the theory of the relationship between ICT and economic growth. We show that ICT-capital has a positive effect both on long-run...

This paper investigates the effects of ICT on economic growth in Turkey and other OECD member countries. After discussing the theoretical relationships between ICT usage and economic growth, we test the positive impact of ICT revolution on economic growth econometrically. In the empirical part...

This paper provides a novel taxonomy of firms based on specialisation versus diversification in production and markets. Firms may chose to specialise on few production activities or alternatively may build expertise in many activities. There is an accompanying decision when firms sell their...