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http://dx.doi.org/10.7840/kics.2013.38B.10.808

An Analysis on The Structural Change of The Knowledge Service Industry  

Kim, Pang-Ryong (과학기술연합대학원대학교 정보통신기술경영학과/ 한국전자통신연구원 경제분석연구실)
Publication Information
The Journal of Korean Institute of Communications and Information Sciences / v.38B, no.10, 2013 , pp. 808-816 More about this Journal
Abstract
In recent years, the knowledge service industry is getting much attention in terms of the role as new growth driver and employment creation sector whereas the overall potential growth rate in Korea has been slowed due to reduced investment and employment in manufacturing sector. This study examines how the knowledge service industry contributes to economic development and employment creation by analyzing the structure transition pattern of the knowledge service industry from 1995 to 2010 and suggests, based on these results, some policy implications for the industry's development. It turns out that the knowledge service industry greatly contributes to total production increase and employment creation during the period of 1995 to 2010. Special strategy for increase in labor productivity will be required for the knowledge service industry to contribute consistently as growth driver and employment creation sector since production increase rate and growth contribution level have been gradually decreased while employment growth rate and its contribution level have been consistently increased in the knowledge service industry.
Keywords
knowledge service industry; industry structural change; contribution to economic growth; contribution to employment; labor productivity;
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