Contribution of Information and Telecommunication Technologies (ITC) to economic growth in El Salvador
DOI:
https://doi.org/10.5377/ryr.v1i58.17398Keywords:
digital economy, Information and Telecommunications Technologies (ITC), economic growth, growth accountingAbstract
In this paper, a decomposition exercise of the value added of the Salvadoran economy is performed, applying the methodology developed by the LAKLEMS project, to estimate the contribution of the Information and Telecommunication Technologies (ITC) to investment and economic growth dynamics, within a framework of comparative analysis with other seven Latin American countries (Chile, Colombia, Costa Rica, Honduras, México, Peru and Dominican Republic) for the 1990-2018 period. The results of this exercise show that El Salvador reported the lowest growth rate of the value added among the countries in the sample during the period defined. In particular, the contribution of ITC capital to growth of the Salvadoran economy kept below the regional average since the middle of 1990. To take advantage of the opportunities brought by the so called «Fourth Industrial Revolution» (World Economic Forum) and «Fifth Industrial Revolution» (European Commission), El Salvador must decidedly make a bet for investment in ITC infrastructure and work to close the gap in human capital in terms of the abilities and skills required in the realm of Science, Technology, Engineering and Mathematics (STEM).
Downloads
320
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
© Universidad Francisco Gavidia
Instituto de Ciencia, Tecnología e Innovación (ICTI)
Reality and Reflection
The content and opinions expressed in the publication are the responsibility of the authors of the published articles. The authors assign the publishing and publishing rights, in printed and digital version, to the Universidad Francisco Gavidia.
Proof of originality and assignment of publication rights
The authors must sign a certificate in which they indicate that the text presented for publication is original, unpublished and that it has not been sent for review in another academic publication; In turn, the authors assign the rights of publication and publication to Francisco Gavidia University. The format of this record will be sent through the emails: editores@ufg.edu.sv and jlozano@ufg.edu.sv
The journal Reality and Reflection is housed in the institutional dissemination platforms (web page and in the repository), as well as in databases and other pages of scientific dissemination. The publications of the Francisco Gavidia University are subject to the Salvadoran copyright law, contemplated in the Intellectual Property Law https://www.asamblea.gob.sv/
The content of the work is the sole responsibility of the author, therefore, if for any reason or reason, direct or indirect, the Editor is obliged to pay any compensation to a third party derived from the work of the author, whether it is established in a transaction, agreement or final or enforceable judicial sentence, the Editor may repeat against the Author for the total amount of compensation, plus adjustments, interests and costs that correspond.
It will be the obligation of the UFG to grant five copies of the publication which will be delivered at the UFG Editores headquarters in San Salvador.
