A Decomposition of Total Factor Productivity Growth in Korean Manufacturing Industries: A Stochastic Frontier Approach

Sangho Kim () and Gwangho Han ()

Journal of Productivity Analysis, 2001, vol. 16, issue 3, 269-281

Abstract: This paper applies a stochastic frontier production model to Korean manufacturing industries, to decompose the sources of total factor productivity (TFP) growth into technical progress, changes in technical efficiency, changes in allocative efficiency, and scale effects. Empirical results based on data from 1980–1994 show that productivity growth was driven mainly by technical progress, that changes in technical efficiency had a significant positive effect, and that allocative efficiency had a negative effect. This study suggests that specific guidelines are required to promote productivity in each industry, and provides additional insight into understanding the recent debate on TFP growth in Korean manufacturing. Copyright Kluwer Academic Publishers 2001

Keywords: Korean manufacturing; total factor productivity; technical progress; technical efficiency; scale components; allocative efficiency (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:16:y:2001:i:3:p:269-281

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DOI: 10.1023/A:1012566812232

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