Information technology and economic development in Korea: A causality study

Seung Hoon Yoo; Seung Jun Kwak

doi:10.1504/IJTM.2004.003881

Information technology and economic development in Korea: A causality study

Seung Hoon Yoo, Seung Jun Kwak

Department of Economics

Research output: Contribution to journal › Article › peer-review

40 Citations (Scopus)

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
DOIs	https://doi.org/10.1504/IJTM.2004.003881
Publication status	Published - 2004

Keywords

Co-integration
Economic development
Granger causality
Information technology
Unit root

ASJC Scopus subject areas

Industrial relations
Engineering(all)
Computer Science Applications
Strategy and Management
Law

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AB - 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.

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