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The Dynamics Of Productivity Changes in The Korean Manufacturing Industry: Nonparametric Directional Distance Function Approach

Author

Listed:
  • Dongwan An

    (Seoul National University)

  • Jae-Sun Roh

    (Seoul National University)

  • Kwansoo Kim

    (Seoul National University)

Abstract

Using the panel data set at the local level, we investigated the performance of local manufacturing industry and its changes across region over time, especially focusing on the dynamics of productivity changes between pre- and post-economic crisis. We found significant differences both in the performances of local manufacturing industry and in the dynamics of productivity changes across region. Our results indicate that the financial crisis may stimulate manufacturing firms to improve production efficiency and that manufacturing firms in Kwangju and Kangwon demonstrated relatively “small trade-offs†between efficiency and technical change.

Suggested Citation

  • Dongwan An & Jae-Sun Roh & Kwansoo Kim, 2004. "The Dynamics Of Productivity Changes in The Korean Manufacturing Industry: Nonparametric Directional Distance Function Approach," Korean Economic Review, Korean Economic Association, vol. 20, pages 115-134.
    • Handle: RePEc:kea:keappr:ker-20040630-20-1-06
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    More about this item

    Keywords

    Productivity Changes; Nonparametric Directional Distance Function; Luenberger's Shortage Function;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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