abstract: 'To implement specific actions to respond to challenges accompanied by

  technological advances, it is essential to realize the foreseen future

  at different levels. This study aims to gen-erate the forecasts of

  different prospects of different industries, labor market, and

  households, depending on the pervasiveness of the information and

  communication (ICT) software (SW) in production. For the analysis, we

  propose a computable general equilibrium (CGE) model that explicitly

  incorporates diverse impact channels induced by ICT SW investments. Our

  simulation results suggest that the development of ICT SW technology can

  bring about both opportunities and challenges in the economic system.

  The results also show that advancements in ICT SW can aggravate

  inequalities within the economic system, while driving higher economic

  growth effects by accelerating the polarization of the labor market and

  wages/income distributions. Accord-ingly, our results suggest that

  policymakers should formulate tailored policy options to mitigate

  structural problems and widen income disparities driven by ICT-specific

  technological advances to achieve economic inclusiveness.'
affiliation: 'Hwang, WS (Corresponding Author), Jeonbuk Natl Univ, Dept Econ, 567
  Baekje-daero, Jeonju 54896, Jeonrabugdo, South Korea.

  Yeo, Yeongjun, Natl Assembly Futures Inst, 1 Uisadang-daero, Seoul 07233, South
  Korea.

  Hwang, Won-Sik, Jeonbuk Natl Univ, Dept Econ, 567 Baekje-daero, Jeonju 54896, Jeonrabugdo,
  South Korea.

  Lee, Jeong-Dong, Seoul Natl Univ, Econ \& Policy Program, Coll Engn, Technol Management
  Policy Program, Seoul 151742, South Korea.'
author: Yeo, Yeongjun and Hwang, Won-Sik and Lee, Jeong-Dong
author-email: yel0sik@jbnu.ac.kr
author_list:
- family: Yeo
  given: Yeongjun
- family: Hwang
  given: Won-Sik
- family: Lee
  given: Jeong-Dong
da: '2023-09-28'
doi: 10.3846/tede.2023.18713
eissn: 2029-4921
files: []
issn: 2029-4913
journal: TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY
keywords: 'ICT advances; ICT SW; growth; distribution; computable general

  equilibrium'
keywords-plus: 'ECONOMIC-GROWTH; JOB POLARIZATION; ICT; TASKS; COMPLEMENTARITY;

  REVOLUTION; EMPLOYMENT; FUTURE; SKILLS; IMPACT'
language: English
number: '3'
number-of-cited-references: '54'
orcid-numbers: Yeo, Yeongjun/0000-0001-9782-3924
pages: 874-901
papis_id: 81c14feb5cc2e527c06a0f7831a7e2d1
ref: Yeo2023shrinkingmiddle
times-cited: '0'
title: 'THE SHRINKING MIDDLE: EXPLORING THE NEXUS BETWEEN INFORMATION AND COMMUNICATION
  TECHNOLOGY, GROWTH, AND INEQUALITY'
type: Article
unique-id: WOS:000972152800002
usage-count-last-180-days: '3'
usage-count-since-2013: '3'
volume: '29'
web-of-science-categories: Economics
year: '2023'