Information and Communication Technologies as Determinants in the Growth Model of South Korea: Perspectives towards a Commercial Alliance with Mexico

Abstract

Despite the absence of a bilateral trade agreement between South Korea and Mexico, one of the motivations that encourage this formalization from the Mexican government is the accelerated development that information and communication technologies (icts) have had in the economic growth in Korea, because they have contributed to the administration and organization of the industry, in the standardization of commerce and education, mainly. The objective of the study is to analyze the impact of icts as determinants in South Korea’s economic growth model within a regional context and which in turn detect particular effects. For this, a panel data estimation method is used during the period 2000-2015. The results indicate that the regional growth model incorporates both gross fixed capital formation (gfcf) and the proxy variable for icts besides a positive effect for South Korea is detected.