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Information Technology and Productivity Growth in Asia
Author:
Mr. Il Houng Lee
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and
Mr. Yougesh Khatri
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Series:
IMF Working Papers
Volume/Issue:
Volume 2003: Issue 015
Language:
English
Publication Date:
01 Jan 2003
DOI:
https://doi.org/10.5089/9781451843286.001
ISBN:
9781451843286
ISSN:
1018-5941
Pages:
16
Keywords:
WP; information and communication technology; ICT production; Growth; Asia; ICT capital deepening; ICT sector; ICT contribution; ICT spending; Information technology in revenue administration; Labor productivity; Capital productivity; Productivity; Total factor productivity; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The contribution of the information and communication technology (ICT) sector to growth in Asian economies is clearly evident from the expenditure side (net exports) and became particularly significant in the second half of the 1990s. This paper employs an extension of the standard growth accounting framework, using estimates of stock of ICT capital (hardware, software, and telecommunications equipment), to estimate the direct contributions to growth. The contribution of ICT to growth in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed (using the dual-or revenue-based-approach) into the contributions of non-ICT capital stock, ICT capital stock, and labor. TFP growth is found to be relatively small in most Asian countries.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2003: Issue 015