Causal relationship between ICT R&D investment and economic growth in Korea

被引：92

作者：

Hong, Jae-pyo ^{[1
]}

机构：

[1] ETRI, Technol Commercializat Strategy Sect, 218 Gajeongno, Daejeon 305700, South Korea

来源：

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE | 2017年 / 116卷

关键词：

Vector error correction model; R&D investment; Economic growth; ICT industry; Korea; NUMERICAL DISTRIBUTION-FUNCTIONS; INFORMATION-TECHNOLOGY; TELECOMMUNICATIONS INFRASTRUCTURE; TESTS; COINTEGRATION; COUNTRIES; 1990S;

D O I：

10.1016/j.techfore.2016.11.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examined the Granger-causality between R&D investment and economic growth for Korea's ICT industry. Bidirectional Granger-causality was observed between ICT R&D investment and economic growth, and this result implies that ICT R&D investment is driven by economic growth and vice versa. When ICT R&D investment was classified into public sector and private sector, the results showed the private ICT R&D investment had stronger relationship with economic growth compared to public the ICI' R&D investment. It means the private ICI' R&D investment has stronger attribute of leading economic growth and induced investment by economic growth than the Public ICT R&D investment. The results also reported bidirectional causality between public ICT R&D investment and private ICT R&D investment. The establishment of two-way Granger-causality between public sector and private sector indicates a virtuous cycle has taken hold. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：70 / 75

页数：6

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