Information Technology and Productivity Growth in Asia

17 Pages Posted: 28 Jan 2006

See all articles by Il Houng Lee

Il Houng Lee

International Monetary Fund (IMF)

Yougesh Khatri

International Monetary Fund (IMF)

Date Written: January 2003

Abstract

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.

Keywords: Growth, Asia

JEL Classification: O3, O47

Suggested Citation

Lee, Il Houng and Khatri, Yougesh, Information Technology and Productivity Growth in Asia (January 2003). IMF Working Paper No. 03/15, Available at SSRN: https://ssrn.com/abstract=879090

Il Houng Lee (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Yougesh Khatri

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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