콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology General

Print

Market services productivity in Korea : An international comparison

Related Document
Frame of Image  Korea: An International Comparison
Hyun Jeong Kim
*
The views expressed herein are those of the author and do not necessarily reflect the official views of the Bank of Korea. When reporting or citing it, the author's name should always be stated explicitly.
_________________________________ * Senior Economist, BOK Conference Secretariat Section, Institute for Monetary and Economic Research, the Bank of Korea (Tel: 02-759-5428, E-mail: hynjkim@bok.or.kr) The author is grateful to the Committee (Hyuneui Kim, Bae-Guen Kim and Sungwook Park), to Daesoo Kim, to all participants at the IMER internal seminar, and to Paul Schreyer, Joaquim Oliveira Martins and other OECD economists who attended the Seminar on Korea's Productivity Data (3 Nov., 2007, OECD) for their helpful comments and suggestions.
Contents
I. Introduction .................................................................................................. 1
II. Multilateral TFP Index ................................................................................. 8
1. Methodology and Data ............................................................................. 8 2. Results .................................................................................................... 13
III. Decomposition of TFP Growth ................................................................. 22
1. Methodology .......................................................................................... 22 2. Results ...................


Full Text
Title Market services productivity in Korea
Similar Titles
Sub Title

An international comparison

Material Type Reports
Author(English)

Kim, Hyun Jeong

Publisher

[Seoul]:The Bank of Korea(Institute for Monetary and Economic Research)

Date 2008-02
Series Title; No Working Paper / no. 325
Pages 49
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding The Bank of Korea; KDI School

Abstract

This paper applies the multilateral index number approach in order to measure the relative TFP levels of
the service industries in Korea. This application is possible as the EU and Korea KLEMS databases have
been built for gross output growth accounting at the detailed industry-level, with a wide coverage of
countries. Currency conversion is a difficult issue and a limitation of this paper, but it has been possible
to overcome this problem to some extent by making use of industry-level gross-output PPPs provided
by the EU KLEMS.

The analysis of TFP levels and growth reveals that Korea’s market services suffer not only from very low
TFP levels compared to the world frontier, but also from decelerating growth which drops the Korean
service industries’ TFPs farther away from the frontier. The gap is the biggest in distribution services,
which in developed countries normally has the highest labor productivity level. (The rest omitted)