From Firm-level Imports to Aggregate Productivity: Evidence from Korean Manufacturing Firms Data
JaeBin Ahn () and
Moon Jung Choi ()
Additional contact information
JaeBin Ahn: Research Department, International Monetary Fund
Moon Jung Choi: Economic Research Institute, Bank of Korea
No 2016-6, Working Papers from Economic Research Institute, Bank of Korea
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be pro-cyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.
Keywords: Firm-level imports; Productivity pro-cyclicality; Aggregate TFP of manufacturing sector (search for similar items in EconPapers)
JEL-codes: E3 F1 F4 O4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff, nep-int and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://papers.bok.or.kr/RePEc_attach/wpaper/english/wp-2016-6.pdf Working Paper, 2016 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bok:wpaper:1606
Access Statistics for this paper
More papers in Working Papers from Economic Research Institute, Bank of Korea Contact information at EDIRC.
Bibliographic data for series maintained by Economic Research Institute ().