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 Future of Resources: The Fight over Critical Minerals

Thomas J. Duesterberg

In a podcast interview on POLITICO’s Global Translations, Tom Duesterberg discusses the critical mineral supply chain. ...

Listen Now

After the U S Elections: What Role for Economic Policy at Home and Abroad?

Thomas J. Duesterberg

In a panel discussion for AICGS, Tom Duesterberg discusses the domestic and foreign economic policies that the Biden administration is likely to pursu...

Watch Now

How Would Big Tech Fare Under Biden?

Kirk R. Arner & Harold Furchtgott-​Roth

Despite ongoing legal battles, "it’s becoming increasingly likely that former Vice President Joe Biden will win()":https://www.wsj.com/articles/this...

Continue Reading