Economic growth and productivity: A case study of South Korea
The economic performance that South Korea has achieved over the past quarter century is often likened to a 'miracle'. Recently, much interest has been expressed in the driving forces behind the Korean economic transformation. Using the valueadded measure of output, Christiansen and Cummings have shown that technology measured by TFP accounts for about 43% of Korean economic growth between 1960 and 1973. This figure is considerably high compared with recent major studies on Japanese and Singaporean economic growth. We found that the value-added framework is not appropriate for the description of the structure of the Korean economy and re-examined the sources of Korean economic growth, using the gross-output framework. Surprisingly, it has been discovered that only 7% of real output growth in the manufacturing sector during the 1962-1981 period is attributable to technological progress. These findings parallel those for the Japanese and Singapore economies.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 32 (2000)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEC20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEC20|
When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:32:y:2000:i:1:p:13-23. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.