Does the ICT Investment of Firms Create Jobless Growth?

기업의 ICT투자가 '고용 없는 성장'을 이끄는가?

  • 심재윤 (한양대학교 일반대학원 경영학과) ;
  • 이종호 (서울대학교 대학혁신센터) ;
  • 박수호 (한국산업기술진흥원 기술전략팀) ;
  • 정우진 (연세대학교 정보대학원 바른ICT연구소)
  • Received : 2019.03.21
  • Accepted : 2019.08.15
  • Published : 2019.09.30


Jobless Growth, one of the most issue keywords for Korea's economy at this moment, stands for an economic situation where the unemployment rate once edging up at the downturn does not fall sharply even after a business cycle is on the stage of its recovery. A remarkable progress of ICT has intensified the apprehension of technology displacing human labor. A remarkable progress of ICT has intensified the apprehension of technology displacing human labor historically. Nowadays, ICT as the main cause for recent jobless growth in Korea ends up with pointing out. This study is to investigate whether the ICT leads to an economic situation of jobless growth. We served an empirical analysis using firm-level panel data from 2009 to 2013 and estimated the effects of ICT on both firm's employment and productivity. A result suggests not only does the employment increase with the rise of ICT investment, but also the employment becomes a complete mediator in terms of linking ICT and firm's productivity. It turns out to be a groundless fear that the ICT rules out human labor causing jobless growth for Korea's economy according to the result revealed.


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