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Working Paper

Productivity and Economic Growth in Korea : Survey and a New Exploration

페이스북
커버이미지
  • 저자 유승민(劉承旻)
  • 발행일 1991/12/01
  • 시리즈 번호 9120
원문보기
요약 In this paper, we first review the previous literature on the
measurement of productivity and sources of economic growth in
Korea, and give comments on the scope and method of these
researches, their data-related issues, and the results obtained.
We then compare these studies with the work of Jorgenson and
his collaborators for the U.S. case.

We also attempt to conduct an exploratory analysis of
productivity and sources of economic growth in Korea by
applying the methodology developed by Jorgenson and others to
a data base recently constructed for use in a multisector model
of the Korean economy, which covers the period from 1970-1986.
An evaluation is made on the preliminary result of this
application by considering any differences from the previous
literature and the limitations on data used for analysis.

Finally, we discuss plans for future research on this subject.
We try to draw up a brief research design of the Korean project
on productivity and international competitiveness, which
essentially includes constructing a comprehensive data base and
conducting research in such issues as 'productivity and sources
of growth in Korea' and 'international comparison of
productivity and competitiveness'.
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