earticle

영어

Until now Korean economy has spent a large amount of money on ICT(Information & Communication Technology) investments. However, it is not clear whether the ICT investments have contributed to productivity growth and economic output. This observation known as 'Productivity Paradox' has been debated for almost a decade.In Korean ICT industries, it is still difficult to show evidence of a link between ICT investments and economic output. While the previous studies generally found little evidence of a relationship between ICT and productivity, there was also little evidence that ICT were unproductive. In particular, many researches pointed to the inadequacies of productivity measurement, insufficiencies and/or inaccuracies of data, and relatively short analysis periods, etc. In this line of research we reviewed the productivity paradox debates and elaborated the policy implications for formulating ICT investments portfolios and strategies.