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Total factor productivity in Korean manufacturing industries
Techno-Economics and Policy Program, College of Engineering, Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul 151-742, South Korea.
Techno-Economics and Policy Program, College of Engineering, Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul 151-742, South Korea.
Techno-Economics and Policy Program, College of Engineering, Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul 151-742, South Korea.ORCID iD: 0000-0002-7902-4683
2008 (English)In: Global Economic Review, ISSN 1226-508X, E-ISSN 1744-3873, Vol. 37, no 1, p. 23-50Article in journal (Refereed) Published
Abstract [en]

In this study, parametric and non-parametric methods are employed to measure the total factor productivity (TFP) growth in the Korean manufacturing industry from 1993 to 2003. The analysis period contains both periods before and after the Asian financial crisis. The TFP growth rate is decomposed into different components. Also different elasticities are reported. By classifying the results by period and classifying a number of time invariant firm characteristics, such as sector, size, and location of firms, we observe systematic heterogeneity for each characteristic. We discuss the underlying causal factors. The results from a non-parametric approach are also compared with those of a parametric approach. ©2008 Institute of East and West Studies, Yonsei University, Seoul.

Place, publisher, year, edition, pages
2008. Vol. 37, no 1, p. 23-50
Keyword [en]
Chained multilateral index; General index; Production function; Time trend; Total factor productivity
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24479DOI: 10.1080/12265080801911907Scopus ID: 2-s2.0-57749143338OAI: oai:DiVA.org:hj-24479DiVA, id: diva2:742817
Available from: 2014-09-02 Created: 2014-09-01 Last updated: 2017-12-05Bibliographically approved

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Heshmati, Almas

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