콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology General

Print

The effect of productivity innovation : Industrial analysis

Related Document
Frame of Image rk(Gali, 1999) is noteworthy. He
The Effect of Productivity Innovation* - Industrial analysisprovides that it is possible to reduce total work hours in the short run, even, along with an effect of positive technology shock. Francis and Ramsey(2005) and Basu et al.(2006) suggest also that an aggregate technology shock can reduce the amount of labor, investment and real interest rates, even in the short run. Canova et al.(2007) suggest that a possible reason for this mechanism is search friction in the labor market. On the other hand, Kim, W.(2001) finds that technology shocks do not significantly reduce total work hours in Korea using 1Q1970~3Q1999. Moreover, Kang(2006) supports this positive relationship between technology shock and total work hours using a post liberalization sample period1) in Korea. In particular, he builds a four variable VAR(Vector Autoregressive) model using broadly defined industriesmanufacturing and service industries. The result shows that a technology shock in the manufacturing industry significantly increases the total work hours in the sector but that of service industry has little effect. That is, the
* The list for all references will be provided by request to jwkim@kiet.re.kr. 1) After 1993.
July / August┃2008┃Vol 13┃No 4
13
effect of a technical shock can be different among industries. In fact, some research looks at the relationship between an aggregate technology innovation and sector-specific technology innovation. Burnside et al.(1998)2) e


Full Text
Title The effect of productivity innovation
Similar Titles
Sub Title

Industrial analysis

Material Type Reports
Author(English)

Kim, Jin Woong

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2008
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13(no. 4)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KIET; KDI School

User Note

Current issues

Resources