Long term implications of the ICT revolution: Applying the lessons of growth theory and growth accounting

► ICT will remain an important source of growth long after the dotcom boom has ended. ► Current levels of ICT intensity in Europe will raise growth by 0.5% p.a. ► And raising ICT intensity to US or Swedish levels will add a further 0.2% p.a. ► For most EU countries most of the gains come from ICT use not ICT production.