DocumentCode
1648294
Title
Notice of Retraction
The relationship between ICT investment and economic growth in China
Author
Lan-li Yi ; Lan Zheng ; Qiang Yan ; Yun Li
Author_Institution
Sch. o f Econ. & Manage., Beijing Univ. of Posts & Telecommun., Beijing, China
Volume
2
fYear
2010
Firstpage
136
Lastpage
140
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
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.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
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.
Keywords
information technology; investment; social aspects of automation; Chinese macroeconomic; GDP; ICT investment; economic growth; gross domestic product; information and communication technology; Benchmark testing; Elasticity; Humans; Silicon; ICT investment; economic growth; technical progress rate;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-6931-4
Type
conf
DOI
10.1109/ICAMS.2010.5552890
Filename
5552890
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