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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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    4. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    5. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64, National Bureau of Economic Research, Inc.
    6. Ilsoon Shin, 2000. "Use Of Information Network And Organizational Productivity: Firm-Level Evidence In Korea," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 9(5), pages 447-646.
    7. 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.
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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. 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.
    3. 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.

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