Information technology and economic development in Korea: A causality study

Seung Hoon Yoo, Seung-Jun Kwak

Research output: Contribution to journalArticle

39 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 languageEnglish
Pages (from-to)57-67
Number of pages11
JournalInternational Journal of Technology Management
Volume27
Issue number1
Publication statusPublished - 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)

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