The role of ICT productivity in Korea-Japan multifactor CES productions and trades
| Autor: | Kim, Jiyoung, Nakano, Satoshi, Nishimura, Kazuhiko |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Input-output tables
JEL:D57 - Input–Output Tables and Analysis Armington Elasticities JEL:D83 - Search • Learning • Information and Knowledge • Co … JEL:C67 - Input–Output Models CES Production Function Linked Input-output Tables General Equilibrium Modeling JEL:F19 - Other Information and Communication Technology |
| Zdroj: | IDE Discussion Paper = IDE Discussion Paper. 747 |
| Popis: | In this paper, we examine the economic impact of information and communication technology (ICT) innovation, under the general equilibrium framework, with empirically estimated constant elasticity of substitution (CES) production frontiers. Innovation can generate not only productivity growth and price changes but also changes in the economic structure of production and trade patterns, eventually increasing social welfare. To study such impact of ICT innovation, we construct a bilateral general equilibrium model, spanning 350 commodities and sectors with trades between Japan and the Republic of Korea (South Korea). We estimate all CES parameters from published statistics such as the linked input–output tables and Comtrade databases. A small exogenous productivity shock in ICT is examined in terms of potential price reduction in all commodities in both countries. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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