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Efficiency Analysis of the Digital Content Industry in Korea: An Application of Order-m Frontier Model

In: Productivity, Efficiency, and Economic Growth in the Asia-Pacific Region

Author

Listed:
  • D. O. Choi

    (Seoul National University)

  • J. E. Oh

    (Seoul National University)

Abstract

It is a very strategic and efficient policy for Korea, a small country with few natural resources, to develop information and communication technology (ICT) as an alternative source of development. The surprisingly rapid development of the ICT industry is a result of long term and optimal R&D investment and also due to the national uniqueness of this industry field. Specially, the fast diffusion of super-highway internet has enabled the advanced foundation for this industry. With the development of ICT, a new type of industry has emerged. The digital content industry has enjoyed the benefits of the ICT industry development and has the distinct characteristics compared to traditional industries. Economic scholars are forecasting the various future possibilities and the next generation of ICT. They emphasize the necessity of moving the axis from communication network-based services to content-based services.

Suggested Citation

  • D. O. Choi & J. E. Oh, 2009. "Efficiency Analysis of the Digital Content Industry in Korea: An Application of Order-m Frontier Model," Contributions to Economics, in: Jeong-Dong Lee & Almas Heshmati (ed.), Productivity, Efficiency, and Economic Growth in the Asia-Pacific Region, chapter 14, pages 299-313, Springer.
  • Handle: RePEc:spr:conchp:978-3-7908-2072-0_15
    DOI: 10.1007/978-3-7908-2072-0_15
    as

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