Information and communication technology spending and the latest (2008-) economic crisis

Traditional and New ICT Spending and Its Impact on Economy

“…13(p5) In other words, it is a process of ICT penetration and consequently the expansion of individual ICTs within the potential market. 14 The studies showed various implications on the relation between ICT, ICT diffusion and economic growth, which all confirmed that the use of ICT and it's diffusion is seen as a determinant of human progress at global level, 15 as a factor which can improve economic growth 16 and enhance organizational performance regarding economic growth and social change. 17 Although there exists a huge range of studies focusing on the role of ICT regarding economic growth (e.g., refs.…”

“…30 When discussing ICT diffusion, we speak about ICT penetration and consequently the expansion of individual ICTs within the potential market. 14 Intensity and scope of diffusion of individual ICTs are measured using various indicators, such as ICT investments and the level of ICT use and demand. 31 Considering the diffusion of innovation theory for ICT as valid, caution and further study of the diffusion of individual ICTs are required, as ICT represents a heterogeneous, dynamic and constantly changing set of technologies, 14 and due to ubiquity of ICTs, the development in this area is rapid and global.…”

“…14 Intensity and scope of diffusion of individual ICTs are measured using various indicators, such as ICT investments and the level of ICT use and demand. 31 Considering the diffusion of innovation theory for ICT as valid, caution and further study of the diffusion of individual ICTs are required, as ICT represents a heterogeneous, dynamic and constantly changing set of technologies, 14 and due to ubiquity of ICTs, the development in this area is rapid and global. Furthermore, it is problematic to predict the impact of economic and social parameters on technology and vice versa, since technological innovations are not automatically accepted by society, because human form the social framework, which enables the diffusion of technologies.…”

“…But since the adoption of innovation is also impacted by other (not just technological) factors, Rojko et al 14 speak about at least four deviations from the Rogers diffusion's curve:…”

“…In this regard, considering diffusion of innovation process, we claim, that new technologies should be considered as deviation 3, while traditional ICTs as deviation 4 (as argued in ref. 14 ) due to the emergence of new technologies.…”