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From firm-level imports to aggregate productivity : Evidence from Korean manufacturing firms data

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Frame of Image k.or.kr. The authors are grateful to Woon Gyu Choi, Sunyoung Jung, Geun-Young Kim, Kyungmin Kim, Seungwon Kim, Jaerang Lee, Jin-Su Park, Seryoung Park, Wook Sohn, and participants in the seminar at the Bank of Korea for their helpful comments. The first author is grateful for the financial support from the Bank of Korea; however, the views expressed herein are those of the authors and do not necessarily reflect those of the Bank of Korea.
Contents
Ⅰ. Introduction ····················· · ·· ·· ·· ·· ·· ·· ·· ·· ·· · 1 · ·· ·· · ·· ·· ·· ·· ·· ·· ·· ·· ·· ·· ·· ·· ·· ·· · ·· ·· ·
Ⅱ. Data ························ 4 ························ ························ ························
Ⅲ. Model and Empirical Strategy ··········· 7 ··········· ··········· ···········
······················ 1 ······················ · · · · · · · ·· · · · · · · ·· · · · · · Ⅳ. Results ······················· 1
Ⅴ. Conclusion ·····················24 · · ·· · ·· · · ·· · · ·· · ·· · · · ·· · ·· · · ·· · ·· · · ·· · · ·· · ·· · · ·· · ·· · · ·· · · ·· · ·
References ······················· 5 · ··· ··· ···· ··· ···· ··· · 2 ··· ··· ···· ··· ···· ··· ·· ·· ··· ···· ··· ···· ··· ···
Appendix ······················· 29 ··· ····· ···· ····· ···· ·· ·· ···· ····· ···· ····· ··· ····· ···· ····· ····· ····
From Firm-level Imports to Aggregate Productivity: Evidence from Korean Manufacturing Firms Data
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing


Full Text
Title From firm-level imports to aggregate productivity
Similar Titles
Sub Title

Evidence from Korean manufacturing firms data

Material Type Reports
Author(English)

Ahn, JaeBin; Choi, Moon Jung

Publisher

Seoul:Bank of Korea

Date 2016
Series Title; No BOK Working Paper / 2016-6
Pages 37
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Industry and Technology < Manufacturing
Holding Bank of Korea

Abstract

Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be pro-cyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.