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영어

The Korean ICT industry is evolving at a dramatic speed, increasing its importance in the overall economy and producing numerous externalities on the other industries. The purpose of this research is to investigate the productivity growth of Korean ICT industry and its effects on the other industries and to derive policy implications. For this purpose we perform inter-industry analysis. Inter-industry analysis is conducted to investigate how close co-relationship exist between ICT industry and other industries and to see how much ICT industry affects other industries. Our estimates of the productivity growth in the industry and its contribution to the overall korean Economy suggest the direct contribution of the ICT industry is significant, but its spillovers to the other industries are not so impressive. This implies that the link between ICT industry and other industries is weak and that most of the ICT products are used as final products and not as intermediate goods. We also find the high extent of import penetration in Korean ICT industry to be one of its major problems.