Productivity growth, efficiency change and technical progress of the Korean manufacturing industry

Dong-hyun Oh

Journal of the Asia Pacific Economy, 2011, vol. 16, issue 1, 50-70

Abstract: By using a plentiful plant-level data-set, we examined productivity growth of the Korean manufacturing industry for the period 1993–2003. In doing this, we employed the Malmquist productivity growth index. We also investigated decomposed components of productivity growth. A second-stage regression analysis was employed to find determinants of productivity growth. Empirical results show that after the 1997 financial crisis productivity and efficiency decreased, whereas technology improved. The result of the second regression analysis indicates that a competitive market condition, R&D activities, export activities and innovativeness increased the rate of productivity growth. It also shows that productivity converged during the study period.

Date: 2011
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DOI: 10.1080/13547860.2011.539401

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