2023-09-28 14:46:10 +00:00
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abstract: 'To implement specific actions to respond to challenges accompanied by
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technological advances, it is essential to realize the foreseen future
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at different levels. This study aims to gen-erate the forecasts of
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different prospects of different industries, labor market, and
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households, depending on the pervasiveness of the information and
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communication (ICT) software (SW) in production. For the analysis, we
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propose a computable general equilibrium (CGE) model that explicitly
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incorporates diverse impact channels induced by ICT SW investments. Our
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simulation results suggest that the development of ICT SW technology can
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bring about both opportunities and challenges in the economic system.
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The results also show that advancements in ICT SW can aggravate
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inequalities within the economic system, while driving higher economic
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growth effects by accelerating the polarization of the labor market and
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wages/income distributions. Accord-ingly, our results suggest that
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policymakers should formulate tailored policy options to mitigate
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structural problems and widen income disparities driven by ICT-specific
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technological advances to achieve economic inclusiveness.'
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affiliation: 'Hwang, WS (Corresponding Author), Jeonbuk Natl Univ, Dept Econ, 567
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Baekje-daero, Jeonju 54896, Jeonrabugdo, South Korea.
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Yeo, Yeongjun, Natl Assembly Futures Inst, 1 Uisadang-daero, Seoul 07233, South
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Korea.
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Hwang, Won-Sik, Jeonbuk Natl Univ, Dept Econ, 567 Baekje-daero, Jeonju 54896, Jeonrabugdo,
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South Korea.
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Lee, Jeong-Dong, Seoul Natl Univ, Econ \& Policy Program, Coll Engn, Technol Management
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Policy Program, Seoul 151742, South Korea.'
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author: Yeo, Yeongjun and Hwang, Won-Sik and Lee, Jeong-Dong
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author-email: yel0sik@jbnu.ac.kr
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author_list:
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- family: Yeo
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given: Yeongjun
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- family: Hwang
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given: Won-Sik
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- family: Lee
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given: Jeong-Dong
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da: '2023-09-28'
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doi: 10.3846/tede.2023.18713
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eissn: 2029-4921
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files: []
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issn: 2029-4913
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journal: TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY
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keywords: 'ICT advances; ICT SW; growth; distribution; computable general
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equilibrium'
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keywords-plus: 'ECONOMIC-GROWTH; JOB POLARIZATION; ICT; TASKS; COMPLEMENTARITY;
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REVOLUTION; EMPLOYMENT; FUTURE; SKILLS; IMPACT'
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language: English
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number: '3'
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number-of-cited-references: '54'
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orcid-numbers: Yeo, Yeongjun/0000-0001-9782-3924
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pages: 874-901
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papis_id: 81c14feb5cc2e527c06a0f7831a7e2d1
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ref: Yeo2023shrinkingmiddle
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times-cited: '0'
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title: 'THE SHRINKING MIDDLE: EXPLORING THE NEXUS BETWEEN INFORMATION AND COMMUNICATION
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TECHNOLOGY, GROWTH, AND INEQUALITY'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000972152800002
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usage-count-last-180-days: '3'
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usage-count-since-2013: '3'
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volume: '29'
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web-of-science-categories: Economics
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year: '2023'
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