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Information Technology and Its Impact on Economic Growth and Productivity In Korea

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  • Seon-Jae Kim

Abstract

The purpose of this study is to examine the impact of IT on economic growth and productivity in Korea during the 1971-2000 periods. The growth contributions from standard input factors, IT capital inputs, and the business cycle effect are calculated on the basis of the growth accounting framework. The study also examines the source of productivity growth, using the extended growth model and drawing attention to the role that IT and knowledge capital may have played. The results show that IT capital contributed 16.3 percent to the output growth and has a strong positive effect on the growth of labor productivity in the long run. [04]

Suggested Citation

  • Seon-Jae Kim, 2003. "Information Technology and Its Impact on Economic Growth and Productivity In Korea," International Economic Journal, Taylor & Francis Journals, vol. 17(3), pages 55-75.
    • Handle: RePEc:taf:intecj:v:17:y:2003:i:3:p:55-75
    DOI: 10.1080/10168730300000004
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    References listed on IDEAS

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    1. Ky-Hyang Yuhn & Jene Kwon, 2000. "Economic growth and productivity: A case study of South Korea," Applied Economics, Taylor & Francis Journals, vol. 32(1), pages 13-23.
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    5. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
    6. Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 641-680.
    7. Bart Los & Bart Verspagen, 2000. "R&D spillovers and productivity: Evidence from U.S. manufacturing microdata," Empirical Economics, Springer, vol. 25(1), pages 127-148.
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    Cited by:

    1. Tang, Chor Foon & Abosedra, Salah, 2019. "Logistics performance, exports, and growth: Evidence from Asian economies," Research in Transportation Economics, Elsevier, vol. 78(C).
    2. Debbra Toria Nipo & Jaratin Lily & Sidah Idris & Saizal Pinjaman & Imbarine Bujang, 2023. "Information and Communication Technology (ICT) on Economic Growth in Asia: A Panel Data Analysis," International Journal of Business and Management, Canadian Center of Science and Education, vol. 17(12), pages 1-18, February.
    3. Inyong SHIN & Eiji YAMAMURA & Hyunho KIM, 2012. "The Cubic Form Hypothesis And The Flying Geese Pattern Hypothesis Of Income Distribution: The Case Of Korea," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 7(3), pages 5-23, August.

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