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Productivity growth, efficiency change and technical progress of the Korean manufacturing industry
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre of Excellence for Science and Innovation Studies, CESIS.
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
Abstract [en]

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.
Keyword [en]
productivity growth, decomposition, manufacturing industry, plant-level analysis, Malmquist index
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-34378DOI: 10.1080/13547860.2011.539401ISI: 000290407200004Scopus ID: 2-s2.0-78651517010OAI: oai:DiVA.org:kth-34378DiVA: diva2:422593
Note
QC 20110613Available from: 2011-06-13 Created: 2011-06-07 Last updated: 2017-12-11Bibliographically approved

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  • apa
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  • de-DE
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  • nn-NB
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  • Other locale
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Output format
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  • asciidoc
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