Productivity growth, efficiency change and technical progress of the Korean manufacturing industry
2011 (English)In: Journal of the Asia Pacific Economy, ISSN 1354-7860, E-ISSN 1469-9648, Vol. 16, no 1, 50-70 p.Article in journal (Refereed) Published
By using a plentiful plant-level data-set, we examined productivity growth of the Korean manufacturing industry for the period 1993-2003. In doing this, we employed the Malmquist productivity growth index. We also investigated decomposed components of productivity growth. A second-stage regression analysis was employed to find determinants of productivity growth. Empirical results show that after the 1997 financial crisis productivity and efficiency decreased, whereas technology improved. The result of the second regression analysis indicates that a competitive market condition, R&D activities, export activities and innovativeness increased the rate of productivity growth. It also shows that productivity converged during the study period.
Place, publisher, year, edition, pages
2011. Vol. 16, no 1, 50-70 p.
productivity growth, decomposition, manufacturing industry, plant-level analysis, Malmquist index
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-34378DOI: 10.1080/13547860.2011.539401ISI: 000290407200004ScopusID: 2-s2.0-78651517010OAI: oai:DiVA.org:kth-34378DiVA: diva2:422593
QC 201106132011-06-132011-06-072011-06-13Bibliographically approved