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Human capital and productivity for Korea’s sustained economic growth

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We appreciate comments from Chinhee Hahn, Yong Jin Kim and participants at the Korean American Economic Association-the Bank of Korea joint international conference.
<Contents>
I. Introduction..................................................................................................... 2 II. The Catch-up Process in Output and Productivity......................................... 4
1. Output per Worker and Productivity Gaps.........................................................4 2. The Determinants and Prospects of the Korea’s Catching-up ......................... 11
III. Analysis of Output and Productivity Growth ............................................. 16 in Korean Industries ......................................................................................... 16 IV. Technology and Human Capital for Sustained Productivity Growth ......... 22 V. Concluding Remarks.................................................................................... 27 Appendix: Data and Sources for Sectoral Growth Accounting........................ 29 <References>.................................................................................................... 31
Human Capital and Productivity for Korea’s Sustained Economic Growth
This paper assesses the Korea’s growth experience and its prospects based on ‘level accounting’ and ‘growth accounting’ methods. The level accounting shows that the gap of output per worker between Korea and the U.S. has rapidly decreased ov


Full Text
Title Human capital and productivity for Korea’s sustained economic growth
Similar Titles
Material Type Reports
Author(English)

Lee, Jong-Wha

Publisher

[Seoul]:The Bank of Korea

Date 2014-10
Pages 49
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Social Development < Employment
Holding The Bank of Korea; KDI School