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Productivity, markups and export intensity : Evidence from Korean manufacturing

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  • Productivity, markups and export intensity
  • Choi, Yong-Seok; Lee, Siwook
  • The Korean Economic Association


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Title Productivity, markups and export intensity
Similar Titles
Sub Title

Evidence from Korean manufacturing

Material Type Reports
Author(English)

Choi, Yong-Seok; Lee, Siwook

Publisher

[Seoul]:The Korean Economic Association

Date 2013
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < General
Holding The Korean Economic Association

Abstract

This paper empirically investigates the impacts of export intensity on plant-level productivity growth and markups by assessing Korean manufacturing data between 1992 and 2002. Our Generalized Propensity Score estimation results suggest an inverted U-shaped relationship between export intensity and productivity growth, which is consistent with Fryges and Wagner (2007). At the same time, we also find a similar pattern in the export intensity-markup nexus. Our results generally imply that increasing export intensity up to a certain threshold provides a better opportunity for exporters to improve productivity and charge higher markups than non-exporters, but a plant whose export intensity is beyond this threshold may not fully benefit from exporting activity as excessive exposure to foreign markets causes higher market uncertainties and internationalization costs.