Impacts of Mobile Phone Subscription, Internet Users, and Broadband Adoption on National Output in South Korea
European Journal of Business and Management Research(2023)
Abstract
Applying the macroeconomic model developed by Romer (2000), this paper finds that more mobile phone subscriptions, Internet users, and broadband adoption raise output (real GDP) in South Korea. In addition, fiscal expansion and a higher expected inflation rate reduce output whereas real appreciation of the Korean won increases output. Therefore, governments should support investments in ICT (information and communication technologies) in order to enhance output.
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Key words
broadband adoption,mobile phone subscription,internet users,national output
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