A dynamic model of the impact of information and communication technology on GDP growth

ICT plays an important role in accelerating economic growth, especially in today's age of the Internet and mobile telecommunications. Due to the upward trend in the use of information and communication technology in the countries of the world, this part of the economy demands a lot of attention. Improved policies due to the impact of information and communication technology on the economy are one of the top programs of governments in developed and developing countries.A review of the literature shows that few systematic studies have examined the role of information and communication technology in GDP growth and the impact of various variables on the role of information and communication technology has not been sufficiently studied.The present study uses systematic approach and system dynamics methodology and examine interactions of ICT variables including ICT access, ICT development, ICT usage etc. with macroeconomic variables such as GDP, total factor productivity, ICT Capital examines ICT's value-added share of GDP and so on and presents a conceptual model of the role of ICT in GDP growth. The qualitative model designed in this study can be the basis for future quantitative research and mathematical simulation with a systematic approach to information and communication technology and GDP.