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Total factor productivity of the Korean firms and catching up with the Japanese firms

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  • Total factor productivity of the Korean firms and catching up with the Japanese firms
  • Jung, Moosup; Lee, Keun; Fukao, Kyoji
  • Seoul National University(Institute of Economics Research)


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Title Total factor productivity of the Korean firms and catching up with the Japanese firms
Similar Titles
Material Type Articles
Author(English)

Jung, Moosup; Lee, Keun; Fukao, Kyoji

Publisher

[Seoul]:Seoul National University(Institute of Economics Research)

Date 2008
Journal Title; Vol./Issue Seoul Journal of Economics:vol. 21(no. 1)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Industry and Technology < General
Industry and Technology < Entrepreneurship
Holding Seoul National University

Abstract

This paper measured the Total Factor Productivity (TFP) of all listed firms in Korea from 1984 to 2005 and compared this TFP of Korean firms with that of Japanese firms. This study used the chain-linked index number method developed by Good et al. (1999) to find that the average TFP of Korean firms grew about 44.1% between 1984 and 2005, with 2.1% annual growth rates. The catch-up index of Korean firms with Japanese firms is defined at an individual firm level for the first time among existing literature. Through this comparison analysis, the researchers found that there were four patterns of catching up methods practiced by Korean firms in closing in on the Japanese firms. These patterns were over catch-up, just catchup, under catch-up, and reverse catch-up.” (The rest omitted)