Analysis on Korean Inter-industry Productivity Spillover Effects (in Korean)

Won-Kyu Kim ()
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Won-Kyu Kim: Korea Institute for Industrial Economics & Trade

Economic Analysis (Quarterly), 2018, vol. 24, issue 3, 83-129

Abstract: This paper focuses upon estimating the long-run relationship among industrial total factor productivity(TFP), research and development(R&D) stock and TFP of other industries based on domestic intermediate input or demand structure, using the data of 30 industries and the period of 1998-2016. According to the estimation results, the TFP of other industries makes significant and positive effects on the TFP of individual industries through intermediate input or demand spillover channel. Meanwhile, based on the estimation results of manufacturing, service and other industries, when the TFP(R&D stock) of 30 industries increase by 1%(10%) respectively, the TFP growth of whole industry enlarges by 1.34%(1.08%) through intermediate supply and demand channel.

Keywords: total factor productivity; inter-industrial innovation spillover; intermediate input and demand channel; panel cointegration (search for similar items in EconPapers)
JEL-codes: C51 D24 D57 O33 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bok:journl:v:24:y:2018:i:3:p:83-129

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