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The role of ICT in Korea’s economic growth: Productivity changes across industries since the 1990s

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  • Jung, Hyun-Joon
  • Na, Kyoung-Youn
  • Yoon, Chang-Ho

Abstract

This paper investigates the hypothesis that technological convergence has been a major driving force for the recent productivity increase in Korea. Based on the dynamic panel data of Korean industries, the direct impact of information and communication technology (ICT) on labor productivity is assessed through growth accounting, and the indirect network effect of ICT on industrial total factor productivity (TFP) is estimated. The results confirm the essential role of broadband networks for successful convergence. The policy implications for the regulatory change are drawn from the empirical analysis.

Suggested Citation

  • Jung, Hyun-Joon & Na, Kyoung-Youn & Yoon, Chang-Ho, 2013. "The role of ICT in Korea’s economic growth: Productivity changes across industries since the 1990s," Telecommunications Policy, Elsevier, vol. 37(4), pages 292-310.
    • Handle: RePEc:eee:telpol:v:37:y:2013:i:4:p:292-310
    DOI: 10.1016/j.telpol.2012.06.006
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    7. Kibae Kim, 2015. "Evolution of the Global Knowledge Network: Network Analysis of Information and Communication Technologies’ Patents," TEMEP Discussion Papers 2015124, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jul 2016.
    8. Haucap, Justus & Heimeshoff, Ulrich & Lange, Mirjam R. J., 2014. "The impact of tariff diversity on broadband diffusion: An empirical analysis," DICE Discussion Papers 156, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
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