Book Chapter
The Economic Impact of Information and Communication Technology in Korea

In line with how our society is undergoing a transition towards a more information and knowledged-based society, questions have been raised regarding the contributions of investing on information and communication technology (ICT) for the economy. In identifying policy issues that are connected with such questions, it is important first to understand the implications of ICT developments and diffusion, and how these may be experienced differently across several regions and sectors. This chapter attempts to determine appropriate data to conduct an empirical analysis specifically for Korea through examining ICT-related data on the labour force, capital stock, and investments during the period between 1980 and 1995. Here, the chapter makes use of the Korean Standard Industrial Classification (KSIC) and the Korean input/output (IO) table for ICT investment and capital stock data.