Abstract
The rapid innovation and diffusion of ICT over the past few decades have led to tremendous changes in the economy especially for the industrialized countries. The continuous decline in the price of ICT equipment and software led to increase in the ICT investment and diffusion.
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Notes
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mb/d: million barrel per day.
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toe: An acronym for ton of oil equivalent, it is used to measure energy consumption, an amount of energy released by burning one ton of crude oil, 1 toe = 39.68320 million Btu EIA. (2013b). International energy statistics-units. US Energy Information Administration (Online). Available: http://www.eia.gov/cfapps/ipdbproject/docs/unitswithpetro.cfm (Accessed May 13 2013).
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Khayyat, N.T. (2017). ICT Investment and Energy Use in South Korea and Japan. In: ICT Investment for Energy Use in the Industrial Sectors. Lecture Notes in Energy, vol 59. Springer, Singapore. https://doi.org/10.1007/978-981-10-4756-5_2
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