Vision
Information and Communications Technology (ICT) permeates the modern ‘Knowledge Economy’ and affects the productivity of firms and the welfare of consumers. Understanding how ICT innovations enhance productivity and welfare, and studying their implications in a logical fashion enables accurate, timely and verifiable advice to be given to policy makers.
The ICT research group plans to host a modelling facility at Macquarie University that will allow other research groups at the university to extend the reach and impact of their research, and to evaluate how new advances in ICT are impacting their specific research interests. It is envisaged that the facility will allow researchers to trace the implications of ICT advances for productivity flow-on effects in various sectors of the economy (eg. education, health, labour supply, high tech R&D), and will reveal top-level macroeconomic consequences that are of special interest to policy makers.
Scope
Research undertaken by this group includes projects which:
- examine the consequences of ICT innovations for business and the economy;
- measure how ICT-enabled increases in consumer and producer choice affect efficiency, productivity and standard of living;
- establish how modern developments in ICT have engendered new areas of interdisciplinary study;
- show how ICT-enhanced innovations can produce measurable outcomes which are of relevance to policy makers at the national level.
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