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Changing patterns in production and trade in Korea : Findings and implications

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Frame of Image erall, TFP and total factor input (TFI) was more closely related to Korea’s exports growth to China and Japan respectively. Furthermore, it is striking that competition between Korea and China became more intensive for the industries for which a fast increase in TFI and TFP was observed in Korea. The extent of challenges from China was relatively weaker for the Korean industries with relatively higher contribution from TFP. While no decisive evidence is found for the relationship between the growth of TFP and competition with Japan, it was revealed that the industries experiencing the high growth of TFI faced less competition from Japan.
* Korea Development Institute, P.O. Box 113, Cheongnyang, Seoul 130-012, Korea. (T)82-2958-4204, (email) mtcha@kdi.re.kr. This paper is the outgrowth of the paper prepared for the KDI 33rd Anniversary Conference on Industrial Dynamism and Comptitiveness in the East Asian Economies. The author is grateful to Chunsik Woo, Chin-Hee Hahn, Dongseok Kim, Jaeho Lee and Joonghae Suh for their constructive comments and encouragement, and appreciate participants of the conference for their comments. In particular, Dongseok Kim and Jaeho Lee provided invaluable advice on productivity and trade performance respectively. Assistance from Jungmi Kim and Kwangsung Kim is greatly appreciated.
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I. INTRODUCTION
Korea has been one of the most important players in Asia, contributing to the world’s economic growth and dynamism. While each and every moment in th


Full Text
Title Changing patterns in production and trade in Korea
Similar Titles
Sub Title

Findings and implications

Material Type Reports
Author(English)

Tcha, Moonjoong

Publisher

[Seoul]:Korea Development Institute

Date 0000
Pages 29
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Industry and Technology < General
Holding Korea Development Institute

Abstract

This paper analyzes growth of the Korean economy in the 1990s, and its relationship with the nation’s export performance. Total factor productivity (TFP) played a significant role in growth for select industries, and a sharp increase in TFP was observed in the late 1990s in Korea, especially for the electrics and electronics industry and automobile industry. In the 1990s, overall, TFP and total factor input (TFI) was more closely related to Korea’s exports growth to China and Japan respectively. Furthermore, it is striking that competition between Korea and China became more intensive for the industries for which a fast increase in TFI and TFP was observed in Korea. The extent of challenges from China was relatively weaker for the Korean industries with relatively higher contribution from TFP. (The rest omitted)

User Note

Korea Development Institute, P.O. Box 113, Cheongnyang, Seoul 130-012, Korea. (T)82-2-958-4204, (email) mtcha@kdi.re.kr. This paper is the outgrowth of the paper prepared for the KDI 33rd Anniversary Conference on Industrial Dynamism and Comptitiveness in the East Asian Economies. The author is grateful to Chunsik Woo, Chin-Hee Hahn, Dongseok Kim, Jaeho Lee and Joonghae Suh for their constructive comments and encouragement, and appreciate participants of the conference for their comments. In particular, Dongseok Kim and Jaeho Lee provided invaluable advice on productivity and trade performance respectively. Assistance from Jungmi Kim and Kwangsung Kim is greatly appreciated.