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

Senate Republicans Bungle Their Interrogation of Janet Yellen

Brendan Brown

In terms of theatrical impact, the first performance of the Republican majority in the Senate responding to semi-annual testimony from Fed Chair Yelle...

Continue Reading

Overturn FCC Power Grab: Opposing View

Robert M. McDowell

'Net neutrality' rules discard bipartisan light-touch regulatory framework....

Continue Reading

FCC Approves Net Neutrality Rule

Robert M. McDowell

Former FCC Commissioner Robert McDowell discuss the debate over net neutrality and what’s next for the approved Internet rules....

Watch Now