This paper investigates the hypothesis that technological convergence has been a major driving force for the recent productivity increase in Korea. Based on the dynamic panel data of Korean industries, the direct impact of information and communication technology (ICT) on labor productivity is...

This study examines the effects of transportation infrastructure (motorways) on economic growth by using a dynamic model for panel data of 19 OECD countries. The results indicate a significant nonlinear network effect of motorway extensions. Specifically, motorway construction has an...

The paper examines the possibilities to improve efficiency in Internet pricing by introducing pre-purchase contract. One can regard pre-purchase market as a device for providing guaranteed services and as an alternative to smart market that can implement expected capacity pricing in an efficient...

In the recent decade, global backbone providers have emerged to link dispersed networks. Local networks obtain global connectivity through transit contracts with switching hubs. Using the Shapley value, the paper shows that the bargaining position of the local network depends upon the quality...

In the recent decade, global backbone providers have emerged to link dispersed networks. Local networks obtain global connectivity through transit contracts with switching hubs. Using the Shapley value, this paper shows that the bargaining position of the local network depends upon the...

This paper models the international competition between a domestic firm and its vertically integrated foreign rival. The domestic firm has the choice of developing its own production capability for an intermediate input, or of importing it from the foreign firm at a price set by the latter. In...

The paper examines the efficiency implications of the liberalisation policy in Korea's telecommunications industry. The paper develops a contextual understanding of the Korean evolutionary path and discusses various transitional difficulties and additional complications posed by business...

Recent political developments on the Korean peninsula suggest both the possibility and desirability for the neighboring powers to establish a new framework for regional peace. The US and North Korea have managed to reach an agreement to reduce mutually hostile threats on a reciprocal basis, and...