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A comprehensive human capital index and its application to the estimation of the export and import functions in the Korean manufacturing industries

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  • A comprehensive human capital index and its application to the estimation of the export and import functions in the Korean manufacturing industries
  • Lim, Yang-Taek; Jung, Joon-Suk
  • The Association of Korean Economic Studies


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Title A comprehensive human capital index and its application to the estimation of the export and import functions in the Korean manufacturing industries
Similar Titles
Material Type Articles
Author(English)

Lim, Yang-Taek; Jung, Joon-Suk

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2002
Journal Title; Vol./Issue The Journal of the Korean Economy:vol. 3(no. 2)
Pages 36
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Manufacturing
Holding AKES

Abstract

Firstly, we propose a new, comprehensive human capital index taking into account both work experience and educational level. The proposed index is computed for 20 manufacturing industrial sectors during the period of 1976-1995. Secondly, we estimate the export and import functions of the 18 manufacturing industries over the period of 1976-1995, including labor, physical capital, human capital, R&D, and advertisement expenditures in the set of explanatory variables, substituting our composite human capital index for the human capital variable.