From newly industrialising to newly informatising country: The primary information sector of the Republic of Korea 1975-1980

Engelbrecht H.-J. (1986) From newly industrialising to newly informatising country: The primary information sector of the Republic of Korea 1975-1980. Information Economics and Policy, 2 3: 169-194. doi:10.1016/0167-6245(86)90032-6


Author Engelbrecht H.-J.
Title From newly industrialising to newly informatising country: The primary information sector of the Republic of Korea 1975-1980
Journal name Information Economics and Policy   Check publisher's open access policy
ISSN 0167-6245
Publication date 1986-01-01
Sub-type Article (original research)
DOI 10.1016/0167-6245(86)90032-6
Open Access Status Not yet assessed
Volume 2
Issue 3
Start page 169
End page 194
Total pages 26
Subject 2002 Cultural Studies
Abstract Studies explicitly incorporating a quaternary or information sector have for a long time been confined to the analysis of developed countries. In this paper the information sector approach is applied to the economy of the Republic of Korea for the years 1975 and 1980. Using an alternative national accounting framework and reworked input-output tables, the existence of a large information sector and its rapid growth is demonstrated. Further, a structural analysis using various multiplier and linkage criteria has been performed at the highly aggregated four sector level and the disaggregated thirty-two sector level. The analysis confirms the dominant position that the information sector occupies in generating potential growth in the economy. The multipliers are also decomposed into production and consumption induced effects. This reveals an important feature of the information sector: its consumption-induced effects are more important (on average) than its production induced effects. The opposite is true for the manufacturing sector. The stimuli of a growing information sector on the rest of the economy will only be realised if the consumption induced effects are preserved. This gives some justification to the Republic of Korea's policy of import restrictions of consumer goods. Another feature of the information sector, the high growth potential of the sector 'education and research', is also discussed. Finally, the findings of the present study are compared to those obtained for other Pacific countries.
Keyword growth and structural change
industrialisation
Information economy
input-output analysis
linkages
multipliers
Pacific economies
Republic of Korea
Q-Index Code C1
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Tue, 13 Sep 2016, 14:39:54 EST by System User