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

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  • Dong-hyun Oh

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.

Suggested Citation

  • Dong-hyun Oh, 2011. "Productivity growth, efficiency change and technical progress of the Korean manufacturing industry," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 16(1), pages 50-70.
    • Handle: RePEc:taf:rjapxx:v:16:y:2011:i:1:p:50-70
    DOI: 10.1080/13547860.2011.539401
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    References listed on IDEAS

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    1. Robert Z. Lawrence & David E. Weinstein, 1999. "Trade and Growth: Import-Led or Export-Led? Evidence From Japan and Korea," NBER Working Papers 7264, National Bureau of Economic Research, Inc.
    2. Bee Yan Aw & Sukkyun Chung & Mark J. Roberts, 1998. "Productivity and the Decision to Export: Micro Evidence from Taiwan and South Korea," NBER Working Papers 6558, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Nigel Driffield & Jun Du & Jan Godsell & Mark Hart & Katiuscia Lavoratori & Steven Roper & Irina Surdu & Wanrong Zhang, 2021. "Understanding productivity:Organisational Capital perspectives," Working Papers 013, The Productivity Institute.
    2. Min, Byung S. & Smyth, Russell, 2014. "Corporate governance, globalization and firm productivity," Journal of World Business, Elsevier, vol. 49(3), pages 372-385.
    3. Yoonhwan Oh & Dong-hyun Oh & Jeong-Dong Lee, 2017. "A sequential global Malmquist productivity index: Productivity growth index for unbalanced panel data considering the progressive nature of technology," Empirical Economics, Springer, vol. 52(4), pages 1651-1674, June.

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