The Effects of Market Opening on the Korean Retail Industry

Sang Young Moon and Bongchan Ha
Additional contact information
Sang Young Moon: Dong-Eui University
Bongchan Ha: Pukyong National University

Korean Economic Review, 2009, vol. 25, 413-427

Abstract: This paper studies whether the opening of the Korean retail industry in 1996 has positively affected productivity and efficiency in the retail industry over time. We have found that the productivity of firms in the Korean retail industry has improved significantly since the market opening and that market efficiency has increased in the sense that the higher productivity firms have a larger market share. However, this productivity improvement has not been observed uniformly among sectors. Rather, it has been concentrated at large discount stores, CVS, nonstore retailing, and other new venues. The new venues and concentrated markets have been structural changes in the traditional Korean retail market.

Keywords: Retail Industry; Market Opening; Productivity; Structural Change (search for similar items in EconPapers)
JEL-codes: L16 L81 O33 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20091231-25-2-10.pdf (application/pdf)

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:kea:keappr:ker-20091231-25-2-10

Access Statistics for this article

Korean Economic Review is currently edited by Kyung Hwan Baik

More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by KEA ().