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Total Factor Productivity in Korean Manufacturing Industries

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Author Info

  • Inha Oh
  • Jeong-Dong Lee
  • Almas Heshmati

Abstract

In this study, parametric and non-parametric methods are employed to measure the total factor productivity (TFP) growth in the Korean manufacturing industry from 1993 to 2003. The analysis period contains both periods before and after the Asian financial crisis. The TFP growth rate is decomposed into different components. Also different elasticities are reported. By classifying the results by period and classifying a number of time invariant firm characteristics, such as sector, size, and location of firms, we observe systematic heterogeneity for each characteristic. We discuss the underlying causal factors. The results from a non-parametric approach are also compared with those of a parametric approach.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/12265080801911907
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Global Economic Review.

Volume (Year): 37 (2008)
Issue (Month): 1 ()
Pages: 23-50

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Handle: RePEc:taf:glecrv:v:37:y:2008:i:1:p:23-50

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Related research

Keywords: Time trend; general index; production function; total factor productivity; chained multilateral index;

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Cited by:
  1. Nuno Araújo & Leonardo Costa, 2012. "The Productivity Of Innovation In Portugal," Working Papers de Economia (Economics Working Papers) 05, Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto).
  2. Bory Seng, 2010. "The Driving Forces Underlying the Growth of Total Factor Productivity in Cambodia," TEMEP Discussion Papers 201068, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Oct 2010.
  3. Tomasz Gerard Czekaj & Arne Henningsen, 2012. "Comparing Parametric and Nonparametric Regression Methods for Panel Data: the Optimal Size of Polish Crop Farms," IFRO Working Paper 2012/12, University of Copenhagen, Department of Food and Resource Economics.
  4. Heshmati, Almas, 2013. "The Effect of Credit Guarantees on R&D Investment of SMEs in Korea," IZA Discussion Papers 7851, Institute for the Study of Labor (IZA).

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