INFORMATION TECHNOLOGY AND THE PRODUCTIVITY PARADOX:EMERGING EVIDENCE FROM THE AFRICAN ECONOMIES

Abstract

Technological progress is considered as a source of growth and productivity gains for national economies. Thus, understanding the factors that determine the diffusion of new technologies across countries is important to understanding the process of economic development. This project therefore investigates whether technological revolution has revolutionary economic consequences and in particular, is economic productivity growing at a much faster rate today, and if so , will it continue to do so in the future? Using the dynamic panel data methodology , emerging evidence from African economies will be revealed.TECHNOLOGICAL PROGRESS, GROWTH, PRODUCTIVITY DIFFUSION, ICTS, AFRICAN ECONOMIES, DYNAMIC PANEL DATA