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It was not until the beginning of the 1990s that the effects of informationand communication technology on economic growth as well as on the profitabilityof enterprises raised the interest of researchers. After giving a generaldescription on the relationship between a more intense use of ICT devices anddynamic economic growth, the author identified and explained those fourchannels that had a robust influence on economic growth and productivity. Whencomparing the use of information technonology devices in developed as well asin developing countries, the author highlighted the importance of the availableadditional human capital and the elimination of organizational inflexibilitiesin the attempt of narrowing the productivity gap between the developed anddeveloping nations. By processing a large quantitiy of information gained fromHungarian enterprises operating in several economic sectors, the author made anattempt to find a strong correlation between the development level of using ICTdevices and profitability together with total factor productivity. Although theimpact of using ICT devices cannot be measured unequivocally at themicroeconomic level because of certain statistical and methodologicalimperfections, by applying such analytical methods as cluster analysis andcorrelation and regression calculation, the author managed to prove that boththe correlation coefficient and the gradient of the regression trend lineshowed a positive relationship between the extensive use of information andcommunication technology and the profitability of enterprises.

The macroeconomic effect of the information and communication technology in Hungary