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Human Development and Macroeconomic Returns within the Context of Investments in Telecoms: An Exploration of Transition Economies

机译：电信投资背景下的人类发展和宏观经济回报：转型经济探索

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摘要

Previous investigations into macroeconomic impact of investments in information and communications technology (ICT), while primarily focused on developed economies, have yielded some important insights. For example, it was determined that: (1) the investments-to-revenues model works well only if a threshold level of ICT capital infrastructure has been developed, (2) it is not the quantity but the quality of the full-time ICT workforce that plays an important role in converting a stream of investments in ICT into revenues and in achieving a spillover effect of investments that is captured by total factor productivity (TFP). In this study we investigate the impact of human development, as measured by the human development index (HDI), on macroeconomic outcomes and TFP. The subject of the study is a group of transition economies, a set of highly related economies that has the Leaders group that has some of the characteristics of developed economies and the Followers group that has some of the characteristics of less-developed economies. Results of our investigation offer evidence that HDI has a statistically significant impact on GDP (gross domestic product) and TFP only in the case of the Leaders.
机译：先前对信息和通信技术（ICT）投资的宏观经济影响进行的调查虽然主要针对发达经济体，但已产生了一些重要见解。例如，已确定：（1）仅在已经建立了ICT资本基础设施阈值水平的情况下，投资收益模型才行之有效;（2）不是专职ICT的数量而是质量在将ICT投资流转化为收入以及实现全要素生产率（TFP）所体现的投资溢出效应方面发挥着重要作用的劳动力。在这项研究中，我们调查了以人类发展指数（HDI）衡量的人类发展对宏观经济成果和TFP的影响。该研究的主题是一组转型经济体，一组高度相关的经济体，具有具有发达经济体某些特征的领导者组和具有欠发达经济体某些特征的追随者组。我们的调查结果提供了证据，表明人类发展指数仅对领导人而言，对国内生产总值（GDP）和全要素生产率具有统计学上的显着影响。

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