ICT and economic development in Taiwan: analysis of the evidence

The IT-led development strategy adopted by Taiwan has been greatly recognised by other Asian newly industrialised economies (NIEs) in their own NII initiatives. This paper discusses the impact of ICT on economic growth in Taiwan based on longitudinal data over 16 years. It highlights the joint impact of national IT capabilities and national IT investment on economic growth, and the findings imply that the payoff effect of IT investment on economic growth can be achieved only through a robust national information infrastructure that supports IT adoption and application.