DOES ICT CONTRIBUTE TO GROWTH?

While it seems to be widely agreed that ICTs have contributed to increase the rate of economic growth in the United States in the last decade, there has been some doubt that the effect was felt (as strongly) in Europe and Japan. Professor Dale Jorgenson's recent work, based on a reconsideration of economic statistics in the different nations, suggests that Europe and Japan also saw an quickening of economic growth in the late 1990's as a result of investments in ICTs. Note especially his paper "Information Technology and the G7 Economies" and the related article from the Economist magazine: "Computing the gains". The website also includes articles from Japan, and consideration of the role of higher education in economic growth.