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|Title:||An Empirical Analysis of the Inter-industrial Spillover Effect of Information and Communications Technology on Cost and Labor - The Case of Korea|
|Abstract:||This research employs an empirical data set of Korean industry and examines the spinover impact or diffusion of information and communications (IC) technology on other industrial sectors in terms of labor and cost. To this end, IC industry is divided into machinery and service sectors, the motion of R&D stock is operationally defined, and the input-output table is used to gauge the inter-industrial flow of technological knowledge. Then the cost function and labor price function are employed to apply a regression model. Amongst others the result 0of empirical analysis shows that IC machinery and service exhibit quite opposite pattern in terms of labor effect in that IC machinery sector renders labor- substitution effect, whereas service sector exerts labor-creation effect. The cost effect, however, is mixed among industrial sectors and thus unclear to draw a conclusion, In addition, there appears a trade-off between labor effect and cost effect.|
|ISSN:||0975-1084 (Online); 0022-4456 (Print)|
|Appears in Collections:||JSIR Vol.62(03) [March 2003]|
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