A Study On The Productivity Of Koreas Industrial Sector With IT Technology Capital And R&D Stocks Variation

Abstract

This paper examines the effects of IT technology capital and R&D stocks variation on the growth of Koreas industries with time series approaches. In detail, we analyze the Granger causality and impulse response analysis among the Koreas industrial growth, IT technology capital, and R&D stocks. When it comes to this research conclusion, we know that IT technology capital and R&D stocks shocks affect the growth of Koreas industrial sector. However, the revere effect is ambiguous in each industrial sector. Also, the impulse response function analysis shows that the effect of IT technology capital and R&D stocks fluctuation in each industrial sector is presented with different time periods.