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Analysis on Korean Inter-industry Productivity Spillover Effects (in Korean)

Author

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  • Won-Kyu Kim

    (Korea Institute for Industrial Economics & Trade)

Abstract

This paper focuses upon estimating the long-run relationship among industrial total factor productivity(TFP), research and development(R&D) stock and TFP of other industries based on domestic intermediate input or demand structure, using the data of 30 industries and the period of 1998-2016. According to the estimation results, the TFP of other industries makes significant and positive effects on the TFP of individual industries through intermediate input or demand spillover channel. Meanwhile, based on the estimation results of manufacturing, service and other industries, when the TFP(R&D stock) of 30 industries increase by 1%(10%) respectively, the TFP growth of whole industry enlarges by 1.34%(1.08%) through intermediate supply and demand channel.

Suggested Citation

  • Won-Kyu Kim, 2018. "Analysis on Korean Inter-industry Productivity Spillover Effects (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 24(3), pages 83-129, September.
    • Handle: RePEc:bok:journl:v:24:y:2018:i:3:p:83-129
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    More about this item

    Keywords

    total factor productivity; inter-industrial innovation spillover; intermediate input and demand channel; panel cointegration;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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