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

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

Telecommunications Policy, 2013, vol. 37, issue 4, 292-310

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.

Keywords: Technological convergence; ICT development; Productivity; Regulatory policy (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:telpol:v:37:y:2013:i:4:p:292-310

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DOI: 10.1016/j.telpol.2012.06.006

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