Technological Change and ICTs in OECD Countries

The motivation of the study is to form a ground for further research on the issue of the effect of electronic commerce on economic variables that has been supported by empirical models. In this respect, a considerable part of the study is devoted to the discussion of the building significant relationship between technology, electronic commerce and the fundamentals of the real economy. As a result of both the conceptual part and the analytical part, two important conclusions were drawn. The first one is that technological change is increasingly gaining special emphasis especially with the rising arguments on the issue of "New Economy". The second important point is that technological change and electronic commerce are in relation with the most important variables of the real economy like gross domestic product, investment, trade balance and also R&D expenditures.