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The Infomation Sector in Singapore: Measuring Its Size and Economic Effects

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  • Heng, Toh Mun

    (National University of Singapore Economics Department 10 Kent Ridge Avenue Singapore 0511 Republic of Singapore)

  • Low, Linda

    (National University of Singapore Economics Department 10 Kent Ridge Avenue Singapore 0511 Republic of Singapore)

Abstract

Economic planners in Singapore have recognised the importance and vitality of information technology and have mounted a holistic approach in encouraging it. Institutional and manpower support initiated by the public sector has shown favorable results but the field remains very competitive among newly-industrialising countries. From a conceptual framework based on incipient theories on information technology, this paper makes an attempt to measure the size of the information sector in Singapore using an input-output methodology. The results are found to be favourable although a number of caveats may be raised regarding its apparent import dependency and foreign exchange earning capability which has turned from positive to negative over the ten-year period, 1973 - 1983. Other †issues concerning the institutional framework both domestically and internationally to support the sector efficiently and flexibly are also raised. Policy implications from the results of the input-output analysis are made to consolidate and reinforce current policies to promote information technology in Singapore.

Suggested Citation

  • Heng, Toh Mun & Low, Linda, 1989. "The Infomation Sector in Singapore: Measuring Its Size and Economic Effects," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 20(December), pages 19-42.
    • Handle: RePEc:ukm:jlekon:v:20:y:1989:i:december:p:19-42
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    References listed on IDEAS

    as
    1. Geza Feketekuty & Jonathan D. Aronson, 1984. "Meeting the Challenges of the World Information Economy," The World Economy, Wiley Blackwell, vol. 7(1), pages 63-86, March.
    2. Jonscher, Charles, 1983. "Information resources and economic productivity," Information Economics and Policy, Elsevier, vol. 1(1), pages 13-35.
    3. Jussawalla, Meheroo & Cheah, Chee-Wah, 1983. "Towards an information economy : The case of Singapore," Information Economics and Policy, Elsevier, vol. 1(2), pages 161-176.
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