Information Technology and Productivity Growth in Korea

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Author :
Publisher : 길잡이미디어
ISBN 13 : 8980313217
Total Pages : 100 pages
Book Rating : 4.9/5 (83 download)

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Book Synopsis Information Technology and Productivity Growth in Korea by : Korea Economic Research Institute (South Korea)

Download or read book Information Technology and Productivity Growth in Korea written by Korea Economic Research Institute (South Korea) and published by 길잡이미디어. This book was released on 2005-10-27 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the effect of information technology (IT) on productivity growth in an information economy. A substantial number of studies have found significant and positive relationships between IT and U.S. productivity growth. The recent literature on the productivity surge during the second half of the 1990s has confirmed that almost all of the productivity improvement in the United States was attributable to IT. However, the existing studies have one important missing element in the analysis of the importance of IT in productivity growth. They have failed to unravel where productivity growth comes from. This study has extended the existing literature in several important ways. First, we have successfully decomposed the sources of productivity growth into technological progress, efficiency improvement, and scale economies using a stochastic frontier production function. We have applied our model to Korea which has emerged as an Internet paradise in the late 1990s. Another merit of using Korean data is provided by the availability of vast panel data that include observations on 4,022 firms from 1996 to 2000. We have found a strong relationship between IT and productivity growth. Surprisingly, productivity growth remained quite strong despite the 1997 financial crisis and the subsequent recession, and the bust of the IT bubble in 2000. Our empirical results also show that approximately 80% of TFP growth comes from technological progress, 15% of TFP growth comes from efficiency improvement, and the rest comes from scale economies. Thus, the dominant source of TFP growth is technological progress, but the proportion of efficiency improvement in TFP growth has continually increased. Efficiency improvement primarily represents improved management and organizational productivity. Thus our study supports two proposed hypotheses: (1) productivity growth under the New Economy is more robust to business cycles than under the Old Economy, and (2) improvement in business efficiency plays a greater role in enhancing productivity under the New Economy than under the Old Economy. We conclude that information technology has already made a quantum difference in productivity growth. Information Technology, Productivity Growth, and Production Potential A Brief Review of the Literature Methodology Empirical Analysis Concluding Remarks and Policy Implications

Technology and Productivity

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Publisher : MIT Press
ISBN 13 : 9780262122214
Total Pages : 276 pages
Book Rating : 4.1/5 (222 download)

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Book Synopsis Technology and Productivity by : Youngil Lim

Download or read book Technology and Productivity written by Youngil Lim and published by MIT Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the process by which the poverty-stricken agrarian economy of South Korea was transformed during the 1970s to the 1990s, into a semi-industrial urban economy. The text discusses neoclassical views of South Korean experience and speculates on South Korea's technological future.

Information Technology and Productivity Growth in Asia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451843283
Total Pages : 18 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Information Technology and Productivity Growth in Asia by : Mr.Yougesh Khatri

Download or read book Information Technology and Productivity Growth in Asia written by Mr.Yougesh Khatri and published by International Monetary Fund. This book was released on 2003-01-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contribution of the information and communication technology (ICT) sector to growth in Asian economies is clearly evident from the expenditure side (net exports) and became particularly significant in the second half of the 1990s. This paper employs an extension of the standard growth accounting framework, using estimates of stock of ICT capital (hardware, software, and telecommunications equipment), to estimate the direct contributions to growth. The contribution of ICT to growth in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed (using the dual-or revenue-based-approach) into the contributions of non-ICT capital stock, ICT capital stock, and labor. TFP growth is found to be relatively small in most Asian countries.

Innovation and Technology in Korea

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 379081914X
Total Pages : 297 pages
Book Rating : 4.7/5 (98 download)

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Book Synopsis Innovation and Technology in Korea by : Jörg Mahlich

Download or read book Innovation and Technology in Korea written by Jörg Mahlich and published by Springer Science & Business Media. This book was released on 2007-07-24 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean government believes it can turn the country into one of the top 10 competitive economies by 2010. This volume offers an in-depth analysis of the Korean innovation system and shows how its science and technology policies actually work. As Korea’s economy is now reaching the status of a newly advanced economy, the book also takes a close look at ongoing structural changes in the course of economic globalization.

Innovative Korea

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Publisher : World Bank Publications
ISBN 13 : 146481984X
Total Pages : 470 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Innovative Korea by : Hoon Sahib Soh

Download or read book Innovative Korea written by Hoon Sahib Soh and published by World Bank Publications. This book was released on 2023-08-25 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Korea today is a highly industrialized, global leader in innovation and technology. It is the 10th largest economy in the world and has a per capita income approaching the average of OECD countries. In the 1950s, however, it was one of the world’s poorest countries, with decidedly bleak prospects. Its transformation has made Korea a well-known case study of successful development. Innovative Korea: Leveraging Innovation and Technology for Development summarizes the sources of Korea’s remarkable growth and the policies and institutional reforms that made it possible. The report focuses on Korea’s successful transition from a middle-income to a high-income economy. Korea escaped from the “middle-income trap†? by fundamentally transforming its growth paradigm to a more private-sector-led model emphasizing market competition, innovation, and technology. Compared to the previous emphasis on large fi rms and industries, the government became more focused on promoting small and medium enterprises and technology entrepreneurs. Exports expanded significantly through greater integration in global value chains. Already-high levels of human capital development were complemented by an expanded social safety net and a more integrated approach to education and training. Korea succeeded by focusing on the foundations of long-run growth, building global capabilities in innovation and technology, and adapting and evolving its growth paradigm to promote new sources of growth. Innovative Korea, jointly prepared by the World Bank and the Korea Development Institute, provides useful insights on Korea’s development story and practical lessons for public policy making.

Information Technology, Productivity, and Economic Growth

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Author :
Publisher : Wider Studies in Development E
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Information Technology, Productivity, and Economic Growth by : Matti Pohjola

Download or read book Information Technology, Productivity, and Economic Growth written by Matti Pohjola and published by Wider Studies in Development E. This book was released on 2001 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume argue that investment in infrastructure, physical capital, and education is the key to economic development, providing that the IT content of these investments is high.

Growth in a Time of Change

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Publisher : Brookings Institution Press
ISBN 13 : 0815737769
Total Pages : 376 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Growth in a Time of Change by : Hyeon-Wook Kim

Download or read book Growth in a Time of Change written by Hyeon-Wook Kim and published by Brookings Institution Press. This book was released on 2020-02-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.

Growth and Productivity in East Asia

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Publisher : University of Chicago Press
ISBN 13 : 0226387070
Total Pages : 360 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Growth and Productivity in East Asia by : Takatoshi Ito

Download or read book Growth and Productivity in East Asia written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-02-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.

Digital Development in Korea

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Publisher : Routledge
ISBN 13 : 0429663978
Total Pages : 228 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Digital Development in Korea by : Myung Oh

Download or read book Digital Development in Korea written by Myung Oh and published by Routledge. This book was released on 2019-07-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Development in Korea explores the central role of digital information and communication technology in South Korea. Analyzing the role of ICT in green growth and sustainability, this new edition also demonstrates how concerns over public safety and the Olympic Games are shaping next generation digital networks. Presenting a network-centric perspective to contextualize digital development politically, economically and socially, as well as in relation to globalization, urbanization and sustainability, this book builds on fi rsthand experience to explain the formulation and implementation of key policy decisions. It describes the revolutionary changes of the 1980s, including privatization and color television and the thorough restructuring that created a telecommunications sector. It then goes on to explore the roles of government leadership, international development and education in affecting the diffusion of broadband mobile communication, before weighing up the positive and negative aspects of Korea’s vibrant new digital media. Seeking to identify aspects of the Korean experience from which developing countries around the world could benefi t, this book will be of interest to students, scholars and policymakers interested in communications technologies, Korean studies and developmental studies.

International Trade and Economic Growth in the Korean Economy

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Publisher : Cambridge Scholars Publishing
ISBN 13 : 152752535X
Total Pages : 521 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis International Trade and Economic Growth in the Korean Economy by : Shin-Haing Kim

Download or read book International Trade and Economic Growth in the Korean Economy written by Shin-Haing Kim and published by Cambridge Scholars Publishing. This book was released on 2023-09-06 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an insightful analysis of Korea's remarkable economic growth and the role of international trade in this process. The book traces the economic development of Korea, from being one of the poorest countries in the 1960s to becoming a global leader in high-tech industries. The authors analyze the changes in Korea's industrial structure and how they have shifted the economy from an agricultural-based to a manufacturing and high-tech industry. The book also provides a critical review of different theories and perspectives that explain Korea's rapid growth, including the role of R&D, technology spillover, and productivity. Additionally, the book explores the implications for developing countries seeking economic development and the need for technological innovation to sustain long-term growth. This book is a must-read for researchers, policymakers, and students interested in the Korean economy and the nexus between international trade and economic growth.

Technology, Energy, and Development

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Technology, Energy, and Development by : Haider Khan

Download or read book Technology, Energy, and Development written by Haider Khan and published by Edward Elgar Publishing. This book was released on 1997 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the economic transformation of South Korea as a case study, Khan (international economics, U. of Denver) explores the role of technology in economic development and argues that the choice of technology must be viewed in relation to employment, income distribution, human development, and the fulfillment of basic needs. He describes the transition from traditional to modern technology as a complex phenomenon with different costs and benefits for different socio-economic groups. Annotation copyrighted by Book News, Inc., Portland, OR

Information Technology and Economic Growth

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Information Technology and Economic Growth by : Matti Pohjola

Download or read book Information Technology and Economic Growth written by Matti Pohjola and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technology, Economic Growth and Crises in East Asia

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Technology, Economic Growth and Crises in East Asia by : G. Chris Rodrigo

Download or read book Technology, Economic Growth and Crises in East Asia written by G. Chris Rodrigo and published by Edward Elgar Publishing. This book was released on 2001 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book develops an evolutionary conception of growth in East Asia, in which technology, organizations and institutions interact and co-evolve to advance productivity. Episodic crises are seen as disruptions which bring to the fore structural and institutional flaws that need reform. The author begins with a thorough analysis of the neo-classical theory of technical change and shows that it fails to capture crucial aspects of the various learning processes involved. He goes on to develop a comprehensive framework for understanding technological progress. Productivity growth is seen as deriving from knowledge hard-coded in equipment and structures, and soft-coded in human skill, organizations and institutions that guide economic activity. The role of exports in promoting faster growth is also examined, as are the channels of technological capability acquisition. This book will be welcomed by academics, policymakers, students, government bodies and business people interested in East Asian growth and in understanding technological change in general.

Long-run Implications of Investment-specific Technological Change

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Publisher : London, Ont. : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Long-run Implications of Investment-specific Technological Change by : Jeremy Greenwood

Download or read book Long-run Implications of Investment-specific Technological Change written by Jeremy Greenwood and published by London, Ont. : Department of Economics, University of Western Ontario. This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Liberalization of Trade in Services and Productivity Growth in Korea

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Publisher :
ISBN 13 : 9788932240268
Total Pages : 44 pages
Book Rating : 4.2/5 (42 download)

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Book Synopsis Liberalization of Trade in Services and Productivity Growth in Korea by : Chong-il Kim

Download or read book Liberalization of Trade in Services and Productivity Growth in Korea written by Chong-il Kim and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technical Change and Economic Growth

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Author :
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1409487989
Total Pages : 398 pages
Book Rating : 4.4/5 (94 download)

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Book Synopsis Technical Change and Economic Growth by : Mr George M Korres

Download or read book Technical Change and Economic Growth written by Mr George M Korres and published by Ashgate Publishing, Ltd.. This book was released on 2012-11-28 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity. In particular, this book examines both the theoretical framework and the applications for empirical results. This second edition contributes updated figures and estimations for technical change from EU member states and features new subjects, including growth models, productivity models, production function models and non-parametric models. In one of the most in-depth and detailed studies of its kind, this book captures all the existing contemporary techniques in the theoretical fields as well as the empirical applications of the models.

Entry, Exit, and Aggregate Productivity Growth

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Author :
Publisher :
ISBN 13 : 9788980630998
Total Pages : 60 pages
Book Rating : 4.6/5 (39 download)

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Book Synopsis Entry, Exit, and Aggregate Productivity Growth by : Chin-Hee Hahn

Download or read book Entry, Exit, and Aggregate Productivity Growth written by Chin-Hee Hahn and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: