Information and Communication Technology, Production and Economic Growth: A Theoretical Nexus

This paper explains the relationship between information and communication technology (ICT), production and economic growth. The main intention is to highlight the theoretical relationship between ICT and economic growth within an economy. Five subsections will be discussed including Zhen-Wei Qiang, Pitt and Ayers framework, total impact of ICT on economic growth, complementary effect of ICT on economic growth, ICT network externalities and last one is the empirical literature recapitulation. The chapter concludes that the gaps identified will open up the need for extensive research in this field, hoping to provide guidelines to developing countries in terms of policy directions and future planning.