nep-ict New Economics Papers
on Information and Communication Technologies
Issue of 2021‒04‒12
ten papers chosen by
Marek Giebel
Universität Dortmund

  1. Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors By Aithal, Sreeramana; L. M., Madhushree
  2. The role of ICT and financial development in CO2 emissions and economic growth By Raheem, Ibrahim; Tiwari, Aviral; Balsalobre-Lorente, Daniel
  3. Policy options for digital infrastructure strategies: A simulation model for broadband universal service in Africa By Edward Oughton
  4. Big Data in Finance By Itay Goldstein; Chester S. Spatt; Mao Ye
  5. The Importance of Digital Economic Growth in Indonesia By tanarubun, jordhie
  6. Cyber Risk in Health Facilities: A Systematic Literature Review By Alberto Sardi; Alessandro Rizzi; Enrico Sorano; Anna Guerrieri
  7. The Causes of Japan's Economic Slowdown and Necessary Policies: An Analysis Based on the Japan Industrial Productivity Database 2018 By Kim, YoungGak; Kwon, HyeogUg; Fukao, Kyoji
  8. The importance of technology in banking during a crisis By Timmer, Yannick
  9. Achieving Global Competitive Human Resources in the Industrial Revolution By panggantara, Pang william
  10. The Phenomenon of Competitive Human Resources and How It Impacts Business Growth By Winatha, Arvin

  1. By: Aithal, Sreeramana; L. M., Madhushree
    Abstract: Information Communication and Computation Technology (ICCT) and Nanotechnology (NT) are recently identified Universal technologies of the 21st century and are expected to substantially contribute to the development of the society by solving the basic needs, advanced wants, and dreamy desires of human beings. In this paper, the possibilities of using ICCT and its underlying ten most important emerging technologies like Artificial intelligence, Big data & business analytics, Cloud computing, Digital marketing, 3D printing, Internet of Things, Online ubiquitous education, Optical computing, Storage technology, and Virtual & Augmented Reality are explored. The emerging trends of applications of the above underlying technologies of ICCT in the primary, secondary, tertiary and quaternary industry sectors of the society are discussed, analysed, and predicted using a newly developed predictive analysis model. The advantages, benefits, constraints, and disadvantages of such technologies to fulfill the desires of human beings to lead luxurious and comfort lifestyle from various stakeholders point of views are identified and discussed. The paper also focuses on the potential applications of ICCT as a strategic tool for survival, sustainability, differentiation, and development of various primary, secondary, tertiary, and quaternary industries.
    Keywords: ICCT, Universal technology, Emerging trends, Information science & technology, Industry sectors, ICCT as a strategic tool
    JEL: M0 M15 O3 O32 O33
    Date: 2019–11–15
  2. By: Raheem, Ibrahim; Tiwari, Aviral; Balsalobre-Lorente, Daniel
    Abstract: This study explores the role of the information and communication technology (ICT) and financial development (FD) in both carbon emissions and economic growth for the G7 countries for the period 1990 to 2014. Using PMG, we found that the ICT has a long-run positive effect on emissions, while FD is a weak determinant. The interactive term between the ICT and FD produces negative coefficients. Also, both the variables are found to impact negatively on economic growth. However, their interaction shows that they have mixed effect on economic growth, i.e., positive in the short run and negative in the long run. Policy implications were designed based on these results.
    Keywords: T . Financial development . Carbon emissions . Economic growth . G7 countries
    JEL: C0 O3
    Date: 2020
  3. By: Edward Oughton
    Abstract: Internet access is essential for economic development and helping to deliver the Sustainable Development Goals, especially as even basic broadband can revolutionize available economic opportunities. Yet, more than one billion people still live without internet access. Governments must make strategic choices to connect these citizens, but currently have few independent, transparent and scientifically reproducible assessments to rely on. This paper develops open-source software to test broadband universal service strategies which meet the 10 Mbps target being considered by the UN Broadband Commission. The private and government costs of different infrastructure decisions are quantified in six East and West African countries (C\^ote D`Ivoire, Mali, Senegal, Kenya, Tanzania and Uganda). The results provide strong evidence that `leapfrogging` straight to 4G in unconnected areas is the least-cost option for providing broadband universal service, with savings between 13-51% over 3G. The results also demonstrate how the extraction of spectrum and tax revenues in unviable markets provide no net benefit, as for every $1 taken in revenue, a $1 infrastructure subsidy is required from government to achieve broadband universal service. Importantly, the use of a Shared Rural Network in unviable locations provides impressive cost savings (up to 78%), while retaining the benefits of dynamic infrastructure competition in viable urban and suburban areas. This paper provides evidence to design national and international policies aimed at broadband universal service.
    Date: 2021–02
  4. By: Itay Goldstein; Chester S. Spatt; Mao Ye
    Abstract: Big data is revolutionizing the finance industry and has the potential to significantly shape future research in finance. This special issue contains articles following the 2019 NBER/ RFS conference on big data. In this Introduction to the special issue, we define the “Big Data” phenomenon as a combination of three features: large size, high dimension, and complex structure. Using the articles in the special issue, we discuss how new research builds on these features to push the frontier on fundamental questions across areas in finance – including corporate finance, market microstructure, and asset pricing. Finally, we offer some thoughts for future research directions.
    JEL: G12 G14 G3
    Date: 2021–03
  5. By: tanarubun, jordhie
    Abstract: The development of the Internet in Indonesia has increased every year, by 2020 new internet users in Indonesia have reached 25 million, the growth of new users can be one of the indicators that Indonesia has built its internet support infrastructure quite well. This is one of Indonesia's steps in building a digital economy, although with the development of internet technology is quite significant, Indonesia is considered still in the early phases in building the digital economy, although the foundation that Indonesia has built to develop its digital economy is good enough that it can be seen by the growth of e-commerce and ride-hailing business well in Indonesia.
    Date: 2021–03–22
  6. By: Alberto Sardi; Alessandro Rizzi; Enrico Sorano; Anna Guerrieri
    Abstract: The current world challenges include issues such as infectious disease pandemics, environmental health risks, food safety, and crime prevention. Through this article, a special emphasis is given to one of the main challenges in the healthcare sector during the COVID-19 pandemic, the cyber risk. Since the beginning of the Covid-19 pandemic, the World Health Organization has detected a dramatic increase in the number of cyber-attacks. For instance, in Italy the COVID-19 emergency has heavily affected cybersecurity; from January to April 2020, the total of attacks, accidents, and violations of privacy to the detriment of companies and individuals has doubled. Using a systematic and rigorous approach, this paper aims to analyze the literature on the cyber risk in the healthcare sector to understand the real knowledge on this topic. The findings highlight the poor attention of the scientific community on this topic, except in the United States. The literature lacks research contributions to support cyber risk management in subject areas such as Business, Management and Accounting; Social Science; and Mathematics. This research outlines the need to empirically investigate the cyber risk, giving a practical solution to health facilities. Keywords: cyber risk; cyber-attack; cybersecurity; computer security; COVID-19; coronavirus;information technology risk; risk management; risk assessment; health facilities; healthcare sector;systematic literature review; insurance
    Date: 2021–02
  7. By: Kim, YoungGak; Kwon, HyeogUg; Fukao, Kyoji
    Abstract: Using the recently completed Japan Industrial Productivity Database (JIP) 2018 and the EU KLEMS Database 2017, we compare the sources of economic growth of Japan, the U.S., Germany, France, and the U.K. for the period 1995–2015 using growth accounting. We find that the reasons why Japan's economic growth during the 2005–2015 period was much slower than that of the other major economies are the decline in the working-age population and sluggish investment in capital services. Among the five countries, Japan was the only one whose growth rate of the capital stock was lower than the natural growth rate. Moreover, comparing the composition of factor inputs in Japan and the U.S. shows that although inputs of information and communication technology (ICT) and research and development (R&D) capital services in Japan are not particularly low compared to the input of other capital goods, capital accumulation in general has been extremely small. Moreover, investment in economic competencies (worker training and organizational structure), which are thought to be complementary to ICT and R&D capital, has been much smaller than in other countries. Finally, in addition to demographic factors and sluggish capital investment, another reason for the slowdown in Japan's economic growth in 2005–2015 compared to the preceding decade was the decline in TFP growth, which was caused by a drop in productivity growth in a handful of industries, including electronic data processing machines, digital and analog computer equipment and accessories, motor vehicles (including motor vehicle bodies), electricity, and wholesale trade.
    Date: 2021–03
  8. By: Timmer, Yannick
    Abstract: We study the implications of information technology (IT) in banking for financial stability, using data on US banks’ IT equipment and the tech-background of their executives. We find that one standard deviation higher pre-crisis IT adoption led to 10% fewer non-performing loans during the global financial crisis. We present several pieces of evidence that indicate a direct role of IT adoption in strengthening bank resilience; these include instrumental variable estimates exploiting the historical location of technical schools. Loan-level analysis reveals that high-IT adoption banks originated mortgages with better performance and did not offload low-quality loans. JEL Classification: O3, G21, G14, E44, D82, D83
    Keywords: financial stability, it adoption, non-performing loans, technology
    Date: 2021–03
  9. By: panggantara, Pang william
    Abstract: Fourth wave of industrial revolution is marked by the use of information technology, artificial inteligence (A.I), and automatic engines. Competitive advantage has become a necessity for every business actor when they wants to competing in the global market. The current condition definitely encouraging the occurence of massive transformation at all business levels and units this condition happens because every business actor can enter from and any other countries markets easily. this condition making professionalism of every business actor is highly prioritized like many case in the business decision making and continous innovation.
    Date: 2021–03–24
  10. By: Winatha, Arvin
    Abstract: Increasingly tight business competition map of industry has been the main focus for everyone in the world, especially in the industry we call it as the Industry era 4.0 . The awareness of this competiton has made many business organizations in the world, including Indonesia busy preparing themselves, particularly those related to the development of human resources, to be ready to compete in this global era. The Fourth wave of industrial revolution is marked by the use of information technology, artificial intelligence, and automatic engines or vehicles that have been going on since years before.
    Date: 2021–04–03

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