Abstract
This paper examines the causality issue between information technology (IT) investment and economic development for Korea by applying modern time series techniques. Tests for unit roots, co-integration, and Granger causality are presented. The results show that bi-directional causality runs from IT investment to economic development for Korea. This means that increased IT investment directly affects economic development and that an increase in real income also influences IT investment. The study also discusses the implications of the results for addressing IT policy in Korea.
| Original language | English |
|---|---|
| Pages (from-to) | 57-67 |
| Number of pages | 11 |
| Journal | International Journal of Technology Management |
| Volume | 27 |
| Issue number | 1 |
| Publication status | Published - 2004 Mar 9 |
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Keywords
- Co-integration
- Economic development
- Granger causality
- Information technology
- Unit root
ASJC Scopus subject areas
- Management of Technology and Innovation
- Strategy and Management
- Management Science and Operations Research
- Engineering (miscellaneous)
Cite this
Yoo, S. H., & Kwak, S-J. (2004). Information technology and economic development in Korea: A causality study. International Journal of Technology Management, 27(1), 57-67.