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한국경제의 산업별 성장요인 분석과 생산성 추계(Sources of industrial growth and productivity estimates in Korea) : (1984∼2002)

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Title 한국경제의 산업별 성장요인 분석과 생산성 추계(Sources of industrial growth and productivity estimates in Korea)
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Sub Title

(1984∼2002)

Material Type Articles
Author(Korean)

표학길; 이근희; 하봉찬

Publisher

[서울]:한국금융연구원

Date 2005
Journal Title; Vol./Issue 한국경제의 분석:제11권 제1호
Pages 52
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Industry and Technology < Science/Technology
Holding 한국금융연구원

Abstract

This paper has analyzed the growth factors of Korean economy by industry level and measured the total factor productivity and labor productivity during the period of 1984~2002. Our contribution is to measure the total factor productivity and labor productivity of 31 industries through the gross output growth accounting. We have classified the entire economy into 31 industrial sectors. We have limited our time-series data to the period of 1984∼2002 because the detailed labor data is not available prior to 1984. We have used U-tables and V-tables in National Accounts as well as IO-Tables and extended the capital stock data into 2002 using Pyo(2002)'s data and the investment data in the National Accounts. Through gross output growth accounting, we have found that the average growth rates of total factor productivity during 1984~2002 are 2.59%, 1.63%, and 1.06% in the whole industries, manufacturing industries, and service industries, respectively. (The rest omitted)