The Effectiveness of Information Telecommunication (IT) Capital and R&D Stock Variation on the Korean Industrial Sector

정보통신자본과 R&D스톡변동이 국내 산업부문별 성장에 미치는 영향연구

  • 박추환 (정보통신기술경영연구소)
  • Published : 2001.03.01

Abstract

This paper examines the effects of information telecommunication (IT) capital and R&D stock variation on the growth of Korean industry, using a time series approach. Most specifically, we apply the Granger causality and impulse response analysis to our examination of Koreas industrial growth, IT capital, and R&D stocks. The Johansen co-integration test is performed in order to analyze long-term relations among these variables. This research explores the way in which IT capital and R&D stocks variation from economic shocks affects the growth of Koreas industrial sector. The effects are ambiguous, however, across industrial sectors. An impulse response function analysis shows that the effects of IT capital and R&D stock fluctuations in each industrial sector are presented for different time periods.

Keywords

References

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