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The Effect of Restructuring on Labor Reallocation and Productivity Growth: An Estimation for Korea

Author

Listed:
  • Choi Hyelin
  • Jung Chun
  • Kim Subin

Abstract

The paper says that the productivity growth of the service sector would foster economy-wide productivity and it can be achieved by the mitigation of misallocation of resources in service sectors.

Suggested Citation

  • Choi Hyelin & Jung Chun & Kim Subin, 2018. "The Effect of Restructuring on Labor Reallocation and Productivity Growth: An Estimation for Korea," Working Papers id:12429, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12429
    Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Ahn, JaeBin & Choi, Moon Jung, 2020. "From firm-level imports to aggregate productivity: Evidence from Korean manufacturing firm data," Japan and the World Economy, Elsevier, vol. 56(C).
    2. Era Dabla-Norris & Si Guo & Vikram Haksar & Minsuk Kim & Kalpana Kochhar & Kevin Wiseman & Aleksandra Zdzienicka, 2015. "The New Normal; A Sector-level Perspective on Productivity Trends in Advanced Economies," IMF Staff Discussion Notes 15/3, International Monetary Fund.
    3. Jae Chung & Mr. Lev Ratnovski, 2016. "Benefits and Costs of Corporate Debt Restructuring: An Estimation for Korea," IMF Working Papers 2016/204, International Monetary Fund.
    4. Dale W. Jorgenson & Marcel P. Timmer, 2011. "Structural Change in Advanced Nations: A New Set of Stylised Facts," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(1), pages 1-29, March.
    5. Eslava, Marcela & Haltiwanger, John & Kugler, Adriana & Kugler, Maurice, 2004. "The effects of structural reforms on productivity and profitability enhancing reallocation: evidence from Colombia," Journal of Development Economics, Elsevier, vol. 75(2), pages 333-371, December.
    6. Eric Bartelsman & John Haltiwanger & Stefano Scarpetta, 2013. "Cross-Country Differences in Productivity: The Role of Allocation and Selection," American Economic Review, American Economic Association, vol. 103(1), pages 305-334, February.
    7. Gustavo Adler & Romain A Duval & Davide Furceri & Sinem Kılıç Çelik & Ksenia Koloskova & Marcos Poplawski Ribeiro, 2017. "Gone with the Headwinds; Global Productivity," IMF Staff Discussion Notes 17/04, International Monetary Fund.
    8. Eslava, Marcela & Haltiwanger, John & Kugler, Adriana & Kugler, Maurice, 2004. "The effects of structural reforms on productivity and profitabality enhancing reallocation: evidence from Colombia," Discussion Paper Series In Economics And Econometrics 0408, Economics Division, School of Social Sciences, University of Southampton.
    9. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 317-341.
    10. Dale W. Jorgenson & Marcel P. Timmer, "undated". "Structural Change in Advanced Nations," Working Paper 13525, Harvard University OpenScholar.
    11. Barnett, Alina & Chiu, Adrian & Franklin, Jeremy & Sebastia-Barriel, Maria, 2014. "The productivity puzzle: a firm-level investigation into employment behaviour and resource allocation over the crisis," Bank of England working papers 495, Bank of England.
    12. Mr. Jongsoon Shin, 2017. "Corporate Restructuring and Its Macro Effects," IMF Working Papers 2017/017, International Monetary Fund.
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