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Title: |
Information Technology and Its Impact on
Economic Growth and Productivity in Korea |
| Author: |
Kim, Seon-Jae |
| Author
Affiliation: |
Paichai U |
| Source: |
International Economic Journal, Autumn 2003, v. 17, no. 3, pp. 55-75 |
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Publication Date: |
Autumn 2003 |
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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. |
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