Download or read book Total Factor Productivity Growth in Korean Industry and Its Relationship with Export Growth written by Sang-yirl Nam and published by 대외경제정책연구원. This book was released on 1999 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Trade and Economic Growth in the Korean Economy written by Shin-Haing Kim and published by Cambridge Scholars Publishing. This book was released on 2023-09-06 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an insightful analysis of Korea's remarkable economic growth and the role of international trade in this process. The book traces the economic development of Korea, from being one of the poorest countries in the 1960s to becoming a global leader in high-tech industries. The authors analyze the changes in Korea's industrial structure and how they have shifted the economy from an agricultural-based to a manufacturing and high-tech industry. The book also provides a critical review of different theories and perspectives that explain Korea's rapid growth, including the role of R&D, technology spillover, and productivity. Additionally, the book explores the implications for developing countries seeking economic development and the need for technological innovation to sustain long-term growth. This book is a must-read for researchers, policymakers, and students interested in the Korean economy and the nexus between international trade and economic growth.
Download or read book Productivity and Patterns of Trade written by MoonJoong Tcha and published by . This book was released on 2016 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the industrial growth of Korea in the 1990s and its relationship with the nation's export performance. The result shows that total factor productivity (TFP) played a significant role in the growth of some industries, where in particular a sharp increase in TFP was observed in the electrics and electronics industry and the automobile industry in the late 1990s. While CEPII RCA indexes for the Korean industries such as IT industry and automobile industry significantly increased since 1998, only limited evidence was found that TFP or TFI influenced RCA. Investigating Korea's export performance in the Northeast Asian context, this paper shows that, in the 1990s, the growth of Korea's exports to Japan was led by industries that recorded relatively fast growth in total factor input (TFI). In contrast, that to China was almost equally contributed by industries that experienced relatively fast growth in TFP or TFI. This paper also investigates competition between Korea and China, and Korea and Japan in the world market. The competition between Korea and China was relatively stronger for the Korean industries to whose growth TFI made a more significant contribution. While no decisive evidence is found for the relationship between TFP growth in Korean industries and their competition against Japan in the world market, it is revealed that the competition between Korea and Japan became less intense for the Korean industries to whose growth TFI made a stronger contribution. In this regard, the paper supports the view of 'nut-cracking' that the Korean economy has lost its competitiveness in the sectors where it maintained comparative advantage, but failed to catch up more advanced countries such as Japan by gaining competitiveness in more capital or technology intensive sectors.
Download or read book Total Factor Productivity Growth in Korean Manufacturing from 1983 to 1998 written by Dong Soo Ha and published by . This book was released on 2002 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Korea has achieved striking economic success during the past three decades, many recent studies argue that the economic growth in Korea is a temporary phenomenon that has been attained mostly through the accumulation of capital and labor, rather than technical progress. In this paper using a plant-level panel data set, I find that output growth has been virtually equally due to technical progress and capital accumulation in Korean manufacturing from 1983 to 1998. Furthermore, I provide empirical evidence of the localized-technical-progress argument, which suggests that traditional growth accounting based on an aggregate production function could underestimate the contribution of technical progress. Next, I analyze the sources of total factor productivity growth in terms of plant turnover. I find that productivity differences across plants are reflected in the plant turnover pattern, and that the productivity differential between the entering and exiting plants contributes significantly to the industry productivity growth, even though the main source of industry productivity growth is the productivity growth within a plant. Lastly, I examine the interaction between exporting and plant performance with a variety of performance measures. I find that the "market-selection" hypothesis holds well. However, exporters do not outperform non-exporters in terms of growth rates after exporting, indicating that the "learning-by-exporting" hypothesis does not hold well in Korean manufacturing
Download or read book From Firm Level Imports to Aggregate Productivity written by Mr.JaeBin Ahn and published by International Monetary Fund. This book was released on 2016-09-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.
Download or read book Economic Growth Productivity and Trade written by Euysung Kim and published by . This book was released on 1996 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technology and Productivity written by Youngil Lim and published by MIT Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the process by which the poverty-stricken agrarian economy of South Korea was transformed during the 1970s to the 1990s, into a semi-industrial urban economy. The text discusses neoclassical views of South Korean experience and speculates on South Korea's technological future.
Download or read book Trade Liberalization and Productivity Growth in Korean Manufacturing Industries written by Euysung Kim and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information Technology and Productivity Growth in Korea written by Korea Economic Research Institute (South Korea) and published by 길잡이미디어. This book was released on 2005-10-27 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the effect of information technology (IT) on productivity growth in an information economy. A substantial number of studies have found significant and positive relationships between IT and U.S. productivity growth. The recent literature on the productivity surge during the second half of the 1990s has confirmed that almost all of the productivity improvement in the United States was attributable to IT. However, the existing studies have one important missing element in the analysis of the importance of IT in productivity growth. They have failed to unravel where productivity growth comes from. This study has extended the existing literature in several important ways. First, we have successfully decomposed the sources of productivity growth into technological progress, efficiency improvement, and scale economies using a stochastic frontier production function. We have applied our model to Korea which has emerged as an Internet paradise in the late 1990s. Another merit of using Korean data is provided by the availability of vast panel data that include observations on 4,022 firms from 1996 to 2000. We have found a strong relationship between IT and productivity growth. Surprisingly, productivity growth remained quite strong despite the 1997 financial crisis and the subsequent recession, and the bust of the IT bubble in 2000. Our empirical results also show that approximately 80% of TFP growth comes from technological progress, 15% of TFP growth comes from efficiency improvement, and the rest comes from scale economies. Thus, the dominant source of TFP growth is technological progress, but the proportion of efficiency improvement in TFP growth has continually increased. Efficiency improvement primarily represents improved management and organizational productivity. Thus our study supports two proposed hypotheses: (1) productivity growth under the New Economy is more robust to business cycles than under the Old Economy, and (2) improvement in business efficiency plays a greater role in enhancing productivity under the New Economy than under the Old Economy. We conclude that information technology has already made a quantum difference in productivity growth. Information Technology, Productivity Growth, and Production Potential A Brief Review of the Literature Methodology Empirical Analysis Concluding Remarks and Policy Implications
Download or read book Productivity Growth and Efficiency Dynamics of Korean Structural Transformation written by Hyeok Jeong and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exports and Productivity Trends of Korean Manufacturing Industries written by Chuk Kyo Kim and published by . This book was released on 1974 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Export Subsidies Exports and Productivity written by Yoon Heo and published by . This book was released on 1994 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government Interventions and Productivity Growth in Korean Manufacturing Industries written by Jong-Wha Lee and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor productivity and total factor productivity, while industrial policies, such as tax incentives and subsidized credit, were not correlated with total factor productivity growth in the promoted sectors. The evidence, thus, implies that less government intervention in trade is linked to higher productivity growth.
Download or read book Korea s Labor Markets Under Structural Adjustment written by Dipak Mazumdar and published by World Bank Publications. This book was released on 1990 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's ability to keep the economy from going off the rails has been as remarkable as its achievement of high long- run growth rates. The key to the success of Korea's labor policy - state guidelines limited the wage increases under structural adjustment - was the high rate of total factor productivity growth.
Download or read book Lsquo Total Factor Productivity vs RealismRsquo Revisited written by Hajime Sato and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key features of the development of the South Korean steel industry through the critical examination of an article by Truett and Truett. Despite their claim to exhibit `realism` by use of a translog cost function, their methodology has strong affinities with the methods of measuring total factor productivity growth, which have long been known as invalid but continue to be applied not least to the experience of East Asian countries. It will be argued that the theoretical and empirical flaws involved with these methods invalidate their results and corresponding policy implications. Above all, by showing that the assumptions for their calculation do not hold in terms of the economic conditions of the industry, the paper points to a different understanding of `realism` than that conceived by and for their study.
Download or read book Exporting and Performance of Plants written by Chin Hee Hahn and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at data from Korean manufacturing plants to examine whether exporting improves productivity (learning) and whether more productive plants export (self-selection).
Download or read book The Measurement of Productivity Change and Sources of Growth written by Chiang Kim and published by . This book was released on 1991 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
