Skip to main content

The Contribution of the Information, Communications, and Technology Sector to the Growth of U.S. Economy: 1997-2007

Harold Furchtgott-Roth & Jeffrey Li

ABSTRACT: In this paper, we identify the contribution of the information, communications, and technology sector to the economic growth of the United States. For the years 1997-2002, we find the sector contributed 19% of measurable economic gross output growth, or more than 582 billion 2013 dollars. For the period 2002-2007, we find the sector contributed 9.3% of gross output growth, or more than 340 billion 2013 dollars. These contributions to economic growth are above the level of economic activity that would have occurred had economic factors remained constant. The ICT sector also contributed substantially to the economic growth of many American industries.

Click below to read the report.

View PDF

Related Articles

The Security and Resilience of the DOD’s Cloud-based Architecture

William Schneider

JEDI has been making significant strides in shaping its path toward the adoption of a cloud-based IT architecture...

Continue Reading

The Coming U.S.-China Showdown On The Future Of Wireless

Arthur Herman

An epic battle is brewing over the future of wireless technology, and the future of 5G technology. On one side is China, which is stopping at nothing...

Continue Reading

Big Tech Is in Big Trouble

Irwin M. Stelzer

The FAANGs (Facebook, Apple, Amazon, Netflix, and Alphabet) have real problems....

Continue Reading