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Technological Progress versus Efficiency Gain in Manufacturing Sectors

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  • Jeong‐Dong Lee
  • Tai‐Yoo Kim
  • Eunnyeong Heo

Abstract

This study decomposes the nonparametric Malmquist productivity index for 36 Korean manufacturing sectors into two components: technological change and technical efficiency change. The empirical results show that while each sector displays quite different growth patterns, productivity growth is dominated by technological change. Technological change is found to have a negative correlation with efficiency change. Secondary regression performed in this study identifies the relationship between productivity growth measures and several key policy variables, such as effective protection rate, market concentration, and so forth. The productivity estimates are compared with those of the conventional Törnqvist productivity index.

Suggested Citation

  • Jeong‐Dong Lee & Tai‐Yoo Kim & Eunnyeong Heo, 1998. "Technological Progress versus Efficiency Gain in Manufacturing Sectors," Review of Development Economics, Wiley Blackwell, vol. 2(3), pages 268-281, October.
    • Handle: RePEc:bla:rdevec:v:2:y:1998:i:3:p:268-281
    DOI: 10.1111/1467-9361.00041
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    Cited by:

    1. Lim, Chansu & Lee, Jongsu, 2020. "An analysis of the efficiency of the oil refining industry in the OECD countries," Energy Policy, Elsevier, vol. 142(C).
    2. Diana L. Becerra-Peña & María Ximena Lemos Mejía, 2021. "La productividad del sector manufacturero: caso Colombia 2005-2016," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-27, Octubre -.
    3. Laurent CORTESE & Ping HUA, 2002. "The Effect of the Real Exchange Rate on Technological Progress. An Application to the Textile Industry in China," Working Papers 200207, CERDI.
    4. Taegi Kim & Changsuh Park, 2006. "Productivity growth in Korea: efficiency improvement or technical progress?," Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 943-954.
    5. Chia-Hung Sun, 2005. "Productivity growth in East Asian manufacturing: a fading miracle or measurement problem?," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(1), pages 1-19.
    6. Francisco Garcia-Blanch, 2001. "An Empirical Inquiry into the Nature of South Korean Economic Growth," CID Working Papers 74A, Center for International Development at Harvard University.

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