Information Technology and Productivity Growth in Asia, Issues 2003-2015The 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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Information Technology and Productivity Growth in Asia Mr.Yougesh Khatri,Mr.Il Houng Lee Limited preview - 2003 |
Information Technology and Productivity Growth in Asia Mr. Il Houng Lee,Mr. Yougesh Khatri No preview available - 2003 |
Common terms and phrases
Asian crisis CEIC data base Cobb-Douglas Composition of TFP contribution from ICT Contribution to Growth Contribution to labor data on ICT Daveri declined dual approach economy-wide effects of ICT efficiency gains factor income factors of production GDP growth Goldman Sachs 2000 growth accounting framework growth in Asia Hong Kong SAR ICT capital deepening ICT capital stock ICT contribution ICT investment ICT on productivity ICT production ICT sector impact of ICT Indonesia Korea Malaysia Kong SAR Indonesia labor productivity growth lower income share marginal rate Non-ICT capital stock output percent of GDP perpetual inventory Philippines Singapore Taiwan production function exhibits rate of technical returns to scale SAR Indonesia Korea second half Selected Asian Economies Singapore Taiwan POC social marginal product software investment Solow residual Source stock Labor quality Taiwan POC Thailand technical substitution Telecommunications equipment TFP growth total capital Total TFP U.S. dollars U.S. Hong Kong WITSA/IDC data