ICT and Romania's Development Towards the Knowledge Economy

Informatica Economica 01/2007; XI(3):74-79.
Source: RePEc

ABSTRACT The new stage of the market-based economy is more strongly and more directly rooted in the production, distribution and use of knowledge. Knowledge creation and knowledge diffusion are key driving forces in the economy and knowledge has become an economic resource in its own right (Fischer and Atalik, 2002). Accordingly, firms are more and more interested in absorbing the advances in technological and organizational knowledge and in applying it in the production process and organization of work. In this context, any discussion about knowledge invariably leads to the question of the relationship between information and knowledge. Thus, according to Fischer, the common understanding is that "information does not become knowledge unless its value is enhanced through interpretation, organization, filtration, selection or engineering" (Fischer, 2002, p. 18). Moreover, nowadays the ICT revolution and the knowledge-based economy are closely interrelated. The convergence of computing, information and telecommunication technologies has changed the conditions for the production and dissemination of knowledge and its connection with the production system as well. New flexible information and communication technologies such as internet, web, intranet, extranet, data warehousing and data mining, as well as collaborative groupware technologies are responsible for the major changes in current abilities to handle data and information, to codify knowledge and to transmit codified knowledge (Fischer, 2006).

Download full-text


Available from: Zizi Goschin, Sep 26, 2015
20 Reads
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: This article argues that information systems can attain the status of being an important, secondary strategic resource. The focus here is on how information systems can improve organizational performance by obtaining improved consistency between formulated strategy and implementation, improved quality of complex decision-making processes, and enhancement of organizational learning. How this can be attained is demonstrated through the design of a new system for credit evaluation in a Norwegian bank. Implications are highlighted.
    International Journal of Information Management 08/1994; DOI:10.1016/0268-4012(94)90004-3 · 2.04 Impact Factor
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: This paper develops a new technique for measuring the effect of computer usage on U.S. productivity growth. Standard National Income and Product Accounts (NIPA) measures of the computer capital stock, which are constructed by weighting past investments according to a schedule for economic depreciation (the rate at which capital loses value as it ages), are shown to be inappropriate for growth accounting because they do not capture the effect of a unit of computer capital on productivity. This is due to technological obsolescence: machines that are still productive are retired because they are no longer near the technological frontier, and anticipation of retirement affects economic depreciation. Using a model that incorporates obsolescence, alternative stocks are developed that imply a larger computer-usage effect. This effect, together with the direct effect of increased productivity in the computer-producing sector, accounted for the improvement in U.S. productivity growth over 1996-1998 relative to the previous twenty years. © 2001 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog
    Review of Economics and Statistics 02/2002; 84(3):445-461. DOI:10.2139/ssrn.220289 · 2.66 Impact Factor
  • Source
    [Show abstract] [Hide abstract]
    ABSTRACT: This paper examines the roles of the ICT-producing sector and of key ICT-using industries in overall productivity growth in OECD countries. The ICT-producing sector provides a considerable contribution to productivity growth in several OECD countries and explains some of the pick-up in productivity growth in the United States in the second half of the 1990s. ICT manufacturing, in particular, has been characterised by very high rates of productivity growth in many countries. Some countries with a large ICT sector, such as Finland and Ireland, have experienced above-average multifactor productivity (MFP) growth in the second half of the 1990s. But some countries with a small ICT sector, such as Australia, have also observed rapid MFP growth, suggesting that a large ICT sector is no prerequisite for faster MFP growth. In some countries, notably Finland and the United States, certain ICT-using ... La croissance de la productivité dans les industries productrices et utilisatrices de technologies de l’information et des communications : une source de différentiels de croissance dans la zone de l’OCDE ? Ce document analyse les rôles respectifs du secteur qui produit les biens et services basés sur les technologies de l'information et des communications (TIC) et des principales industries utilisatrices de TIC dans la croissance globale de la productivité. Le secteur producteur de TIC contribue de façon considérable à la croissance de la productivité dans plusieurs pays Membres de l'OCDE et explique aussi en partie la reprise de la croissance de la productivité aux États-Unis au cours de la seconde moitié des années 90. Dans les industries manufacturières du secteur des TIC, en particulier, la croissance de la productivité a été très forte dans de nombreux pays. Certains pays qui disposent d'un important secteur des TIC (Finlande, Irlande) ont connu des taux de croissance de la PMF plus élevés au cours de la seconde moitié des années 90. Toutefois, d’autres pays dont le secteur des TIC est plus réduit, comme l'Australie, ont eux aussi enregistré une progression rapide de la PMF, ce qui ...