Information Technology and Productivity Growth in Asia

January 1, 2003

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Il Houng Lee, and Yougesh Khatri. Information Technology and Productivity Growth in Asia, (USA: International Monetary Fund, 2003) accessed November 12, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Capital productivity, Information technology in revenue administration, Labor productivity, Production, Productivity, Revenue administration, Total factor productivity

Keywords: Asia, Asia and Pacific, Capital productivity, Growth, ICT capital deepening, ICT contribution, ICT production, ICT sector, ICT spending, Information and communication technology, Information technology in revenue administration, Labor productivity, Productivity, Total factor productivity, WP

Publication Details

Pages:

16
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/015
Stock No:

WPIEA0152003
ISBN:

9781451843286
ISSN:

1018-5941

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