Does ICT investment widen the growth gap?
- Authors
- Seo, Hwan-Joo; Lee, Young Soo; Oh, Jeong Hun
- Issue Date
- 9월-2009
- Publisher
- ELSEVIER SCI LTD
- Keywords
- ICT; Growth gap; Cumulative growth model
- Citation
- TELECOMMUNICATIONS POLICY, v.33, no.8, pp.422 - 431
- Indexed
- SCIE
SCOPUS
- Journal Title
- TELECOMMUNICATIONS POLICY
- Volume
- 33
- Number
- 8
- Start Page
- 422
- End Page
- 431
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/119400
- DOI
- 10.1016/j.telpol.2009.04.001
- ISSN
- 0308-5961
- Abstract
- This paper builds a model of cumulative growth to examine the dynamic interdependent relationship between Information and Communication Technology (ICT) investment and economic growth for a sample of 29 countries in the 1990s. We confirm the following facts: First, there is a positive correlation between ICT investment and economic growth. Second, non-ICT investment has as much influence on the growth gap as ICT investment. Third, those countries with a solid economic infrastructure and open trade regime experience more active ICT investments. Fourth, those countries with a comparatively lower productivity level can reduce the gap using knowledge spillovers from more advanced countries. Fifth, reinforcement of patent rights has a positive influence on economic growth by stimulating the accumulation of ICT capital. Finally, ICT investment does not have a strong interdependent relationship with economic growth, while non-ICT investment has a cumulative causal relationship with economic growth and plays a key role in the process of widening the growth gap. (c) 2009 Elsevier Ltd. All rights reserved.
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