Has Korean Manufacturing Production Reached Its Full Potential?

Renuka Mahadevan

Economic Analysis and Policy, 2002, vol. 32, issue 2, 251-260

Abstract: This paper sheds some light on the relevance of the assimilation view for South Korea, whereby successful mastering of foreign technology in its adoption and use would lead to firms producing at their full potential output. This is investigated by studying the technical efficiency performance of firms in four manufacturing industries using firm-level data from 1980-94 and applying the random coefficient frontier model. Empirical results show that the assimilation view holds true in the heavy industries but not in the light industries. Although the rate of technical efficiency varied within the two industries, the variation was statistically significant only for firms in the heavy industries since the late 1980s.

Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592602500321
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:32:y:2002:i:2:p:251-260

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().