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این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۱ دارای ۱۲ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی موجود می باشد.
کد محصول: H718
سال نشر: ۲۰۲۱
نام ناشر (پایگاه داده): الزویر
نام مجله: Telecommunications Policy
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۱۲ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۱ : سرمایه گذاری در فناوری اطلاعات و ارتباطات(ICT) و رشد تولید ناخالص داخلی(GDP): مطالعه مودری آنالیز علیت در کشور کره
عنوان کامل انگلیسی:
ICT investment and GDP growth: Causality analysis for the case of Korea
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Abstract
This study investigated how investment in the industry of Information, Communication and Technology (ICT) has been interlocked with the GDP growth of South Korea. Based on seasonallyadjusted quarterly time-series data for the period between 1999 and 2016 available from the Korea Statistical Information Service, a Vector Error Correction model was applied for the analysis. The results revealed that ICT investment and GDP growth affected bi-directionally except for the short-run case in which only ICT investment affected GDP growth. The results explain that ICT investment plays an important role in the economic growth of South Korea in the long term; at the same time, investment size in the ICT industry increases as the economy grows. Without controlling any other factors, we found GDP increases by 0.4% when ICT investment increases by 1%. However, in the short term, only ICT leads to GDP growth. Therefore, the recent stagnation in ICT investment experienced in South Korea could negatively affect the economic growth of Korea in the short run, and hence, in the long-run, if it should become prolonged. The ICT investment strategy revealed from this study is especially useful to policy-makers who plan the economic growth in South Korea and other ICT-advanced countries because promoting ICT utilization across all sectors requires putting legal and policy mechanisms in place.
Keywords: Causality, ICT investment, GDP, Economic growth, Vector error correction model
۱.Introduction
Information, Communication, and Technology (ICT) help accelerate economic growth, while it generates new problems heretofore unknown. Investment in ICT will lead to growth in labor productivity where capital stock available to workers increases, and in turn, the increased labor productivity will lead to an increase in ICT investment, which has been intuitively dominated in the ICT field. During the 1990’s, growth in ICT investment contributed to economic growth in most OECD countries significantly, particularly pronounced in the U.S. (OECD, 2004). According to a study conducted by the Information Technology and Innovation Foundation (Atkinson & Castro, 2008), ICT not only helped accelerate quantitative growth via the digitalization of information and convergence with other industry sectors but also contributed to improving healthcare systems and enhancing the quality of life for people, allowing consumers, firms and governments to interact with one another. At the same time, as ICT advances, society has to contend with increasing economic costs dealing with malware and spam (Koscher et al., 2010; Ignelzi, 2012; Doglow, 2012). As technological progress reaches the next level and informatization experiences, various negative side-effects such as hacking attacks, Massive distributed denial of service attacks, and other types of threats to data privacy and security appear as sophisticated forms (Park, Son, Hwang, Cho, & Park, 2016; Park, Levy, Son, Park, & Hwang, 2018). So far, ICT disruption has been made, but it usually lasted less than one day (Kakkar, 2011). To avoid system disruption, therefore, insistent investment in ICT will eventually be made, which leads to a positive return to the economy…
۵.Conclusions and discussion
The majority of past studies investigating the causal relationship between ICT investment and GDP growth in Korea found that a bidirectional causal relationship between them existed (Kim & Kim, 1995; Lee, 1994; Yoo & Kwak, 2004). An exception to the finding is shown in Lee et al. (2005), where they reported no such relationship existed in the long run as a contradictory vis-a-vis most other studies, although there was causality running from ICT investment to GDP growth in the short run…
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