The Dynamics Of Productivity Changes in The Korean Manufacturing Industry: Nonparametric Directional Distance Function Approach

Dongwan An, Jae-Sun Roh and Kwansoo Kim
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Dongwan An: Seoul National University
Jae-Sun Roh: Seoul National University
Kwansoo Kim: Seoul National University

Korean Economic Review, 2004, vol. 20, 115-134

Abstract: Using the panel data set at the local level, we investigated the performance of local manufacturing industry and its changes across region over time, especially focusing on the dynamics of productivity changes between pre- and post-economic crisis. We found significant differences both in the performances of local manufacturing industry and in the dynamics of productivity changes across region. Our results indicate that the financial crisis may stimulate manufacturing firms to improve production efficiency and that manufacturing firms in Kwangju and Kangwon demonstrated relatively “small trade-offs†between efficiency and technical change.

Keywords: Productivity Changes; Nonparametric Directional Distance Function; Luenberger's Shortage Function (search for similar items in EconPapers)
JEL-codes: C61 D24 O18 O49 (search for similar items in EconPapers)
Date: 2004
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