nep-ict New Economics Papers
on Information and Communication Technologies
Issue of 2015‒02‒28
eight papers chosen by
Walter Frisch
Universität Wien

  1. ICT Modernization in Central and Eastern Europe By Stanislaw Kubielas ; Magdalena Olender-Skorek
  2. Harnessing the Power of ICT and Innovation Case Study Singapore By Angie Tan
  3. ICT and Economic Development:Conclusion from IO Analysis for Selected ASEAN Member States By Tony Irawan
  4. ICT Investment and Internationalization of the Russian Economy By Grigori Feiguine ; Julia Solovjova
  5. ICT Modernization and Globalization: Russian Perspectives By Grigori Feiguine ; Julia Solovjova
  6. An Analysis of the Canada-U.S. ICT Investment Gap: An Update to 2013 By Jasmin JacLyn Thomas
  7. Dynamics in ICT cooperation networks in selected German ICT clusters By Christian Schröder
  8. Forecasting Mortgages: Internet Search Data as a Proxy for Mortgage Credit Demand By Branislav Saxa

  1. By: Stanislaw Kubielas (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) ); Magdalena Olender-Skorek (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: The paper characterizes main trends in ICT implementation and diffusion in the CEE countries in terms of market volume, its dynamics, economic development and ICT trade integration within the EU market. This gives support to the hypothesis of gradual closing up of technology gap in ICT sector between the CEE and the ‘old’ EU countries in the course of the ongoing process of integration and catching up. The second part of the paper delivers a detailed account of the modernization level achieved in Poland and other CEE countries in particular ICT segments and score rankings as against other EU countries. The focus is on the relationship between NRI index, as a measure of ICT development, and GDP per capita, competitiveness and productivity. Finally, the level of ICT services in CEE is assessed, in particular, in the area of broadband, mobile telecommunication, and e-services.
    Keywords: Innovation, Telecommunication, EU, CEE, Convergence ICT, RCA in ICT Trade, Internet, Technology Gap, Knowledge Diffusion, Regulation
    JEL: F14 F15 L63 L86 L96 N14 O31 O33 P27
    Date: 2014–05
  2. By: Angie Tan (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: The penetration and effects of ICT varies amongst countries. For small countries like Singapore the effects of ICT is especially prominent. This paper focuses on how Singapore exploited the benefits of ICT by analyzing first the evolution of ICT policies and the important role of the government in its development. Followed by the question how ICT has impacted the country. Looking at the impact of ICT both in the ICT sector as well as the penetration of ICT in households. The conclusions refer to additional actions that the government should focus on to further exploit the benefits of ICT in Singapore.
    Keywords: Economic Growth, Telecommunication, ICT, Regulation, Singapore
    JEL: L96 L98 N14 O31 O43
    Date: 2014–06
  3. By: Tony Irawan (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: The impact of information and communications technology (ICT) on economic performance has been an interesting issue in economics. There are at least three key points that can be learnt from the previous literatures regarding ICT and country’s economic performance. First, more developed countries are expected to benefit greater than less developed countries. Second, the impact of ICT will depend on the intensity of ICT utilization. Third, the size and structure of ICT sector of country’s economy does matter. The main contribution of this paper is to evaluate those three points by conducting comparative analysis based on Input-Output (I-O) Table from four ASEAN Member States, namely Indonesia, Singapore, Malaysia and Thailand. ASEAN is used because it is one of the regional associations that have a large income gap among its members. The results suggest that more developed countries (which are measured by income per capita) do not always benefit greater than less developed countries from ICT development. The magnitude of ICT impact on the economy depends on the intensity of ICT utilization and the structure of ICT sector
    Keywords: ICT, economic performance, economic development, ASEAN
    JEL: O14 O53 L63 L86 L96
    Date: 2013–11
  4. By: Grigori Feiguine (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) ); Julia Solovjova (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: In this paper the influence of ICT investments on the international activities of Russia is analyzed. Firstly, ICT investments are considered as a factor of the international competitiveness of the Russian economy (in comparison with some other countries). Dynamics of both export volumes and openness of national economies are used as the main criteria for comparison. Then, the role of ICT in the development of international activities on the regional level is analysed. Cluster analysis is performed for the set of data on the Russian regions. Finally, the accession of Russia to the WTO is considered in the context of the development of the ICT sector and the international activities of the Russian economy.
    Keywords: ICT, Investments, Russian economy
    JEL: R10 L63 L86
    Date: 2013–09
  5. By: Grigori Feiguine (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) ); Julia Solovjova (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: The development of ICT is considered as an important indicator of globalization. The main hypothesis is that the development of ICT and global activities of both countries and regions are positively correlated. As criteria for global activities the exports and FDI-inflows are taken. The hypothesis is tested with the example of the world economy, post-socialist countries and Russia. Russian regional differences in ICT development in the context of the global activities of Russian regions are analyzed.
    Keywords: Regulation, Telecommunication, EU, Innovation, Convergence
    JEL: L43 L96 N14 O31
    Date: 2014–05
  6. By: Jasmin JacLyn Thomas
    Abstract: Canada’s productivity performance reflects in large part our innovation record, both in terms of business sector R&D and information and communications technology (ICT) investment. The objective of this report is to examine the country’s ICT investment performance since 2000. The key finding is that, since the 2008 peak, business sector ICT investment in Canada has performed poorly, both relative to the Canadian non-business sector and to the business sector in the United States. By 2013, four years after the 2009 recession, nominal ICT investment in the business sector in Canada had failed to regain the 2008 level, falling on average 1.0 per cent per year over the 2008-2013 period. In contrast, despite government belttightening, nominal investment in the non-business sector in Canada advanced at a 2.0 per cent average annual rate. Equally, the United States, which experienced a more severe downturn than Canada, saw business sector nominal ICT investment grow at a 1.5 per cent average annual rate between 2008 and 2013. The fall in nominal ICT investment in Canada, combined with the increase in the United States, resulted in an 8.5 percentage point fall in the ICT investment per worker in Canada from 59.6 per cent of that of the US business sector in 2008 to 51.1 per cent in 2013. More research is needed to understand the reasons for the weak post-2008 ICT investment performance of Canada’s business sector.
    Keywords: Canada, United States, Software, Investment, Gap, Productivity, Business Sector, ICT, Computers, Communications, Labour Productivity, Growth, Productivity Growth
    JEL: L86 N92 E22 J24 O47 D24
    Date: 2015–01
  7. By: Christian Schröder (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW) )
    Abstract: High innovation capability is indispensable for generating economic growth in developed economies. Cooperations in the innovation process are entered into by companies for reasons of risk diversification or costs and often considered to be an efficient strategy to increase a company’s knowledge basis. Regional economic literature very often believes that regional agglomeration of companies, i.e. cluster formation, will also lead to increased local networking, i.e. also to cooperations between companies or between company and research institutes in the innovation process. A social network analysis of the two German ICT regions performed with patent data was able to show that cluster formation coincides with a dynamic increase of cooperations measured by joint patent applications. However, the cooperations are characterized by integration of extra-regional companies and research institutes rather than being intraregional.
    Keywords: Regional science, Cluster, ICT, Knowledge spillover, Social network analysis, Innovation networks
    JEL: L10 O18 L63 L86
    Date: 2013–08
  8. By: Branislav Saxa
    Abstract: This paper examines the usefulness of Google Trends data for forecasting mortgage lending in the Czech Republic. While the official monthly statistics on mortgage lending come with a publication lag of one month, the data on how often people search for mortgage-related terms on the internet are available without any lag on a weekly basis. Growth in searches for mortgages and growth in mortgages actually provided are strongly correlated. The lag between these two growth rates is two months. Evaluation of out-of-sample forecasts shows that internet search data improve mortgage lending predictions significantly. In addition to forecasting performance evaluation, an experimental indicator of restrictively tight mortgage credit standards and conditions is proposed. Nowadays many countries run bank lending surveys to monitor the tightness of bank lending standards and conditions. The proposed indicator represents a complementary tool to such a survey.
    Keywords: Credit demand, credit standards and conditions, credit supply, forecast evaluation, forecasting, Google econometrics, Internet search data, mortgage, smoothing
    JEL: C22 C82 E27 E51
    Date: 2014–12

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