Macroperu Sobre la Importancia de las TICs en la Economía del conocimiento.

http://ideas.repec.org/h/izm/prcdng/200804.html

The Importance of ICT for the Knowledge Economy: A Total Factor
Productivity Analysis for Selected OECD Countries
Ä smail Seki
Ege University, Turkey
Abstract

Science, technology and innovation have become key factors contributing to economic
growth in both advanced and developing economies. In the knowledge economy,
information circulates at the international level through trade in goods and services,
direct investment and technology flows, and the movement of people. Information and
communication technologies (ICT) have been at the heart of economic changes for more
than a decade. ICT sector plays an important role, notably by contributing to rapid
technological progress and productivity growth. Firms use ICTs to organize
transnational networks in response to international competition and the increasing need
for strategic interaction. As a result, multinational firms are a primary vehicle of the
everspreading process of globalization. New technologies and their implementation in
productive activities are changing the economic structure and contributing to
productivity increases in OECD economies.
Economic competitiveness depends on productivity level and in the knowledge
economy, ICT sectors determine the productivity level. As a result , we can say that the
power of economic competitiveness of a country depends on the productivity of its ICT
sector.
There are two ways to improve the TFP of ICT and to improve the power of
competitiveness. First of all, if the selected countries solve their inefficiency problem by
reallocation of resources, they can improve their TFP of the ICT sector and as a result
they can be more competitive. Secondly, the technological improvement in these
countries creates an expectation about increasing TFP of ICT sector for future. If there
will be a sustainable technological improvement by innovation, it will cause a
sustainable increase in the TFP of ICT sector and as a result it will cause a sustainable
increase in competitiveness.

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