콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Manufacturing
Industry and Technology Energy

Print

Misallocation between manufacturing plants in Korea : Trends and international comparison

Related Document
Frame of Image
  • Misallocation between manufacturing plants in Korea
  • Oh, Jiyoon
  • Korea Development Institute


link
Title Misallocation between manufacturing plants in Korea
Similar Titles
Sub Title

Trends and international comparison

Material Type Reports
Author(English)

Oh, Jiyoon

Publisher

Sejong, South Korea:Korea Development Institute

Date 2015-05
Series Title; No KDI feature article / 2015 1st Half
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Manufacturing
Industry and Technology < Energy
Holding Korea Development Institute

Abstract

Allocation efficiency in Korean manufacturing firms (0.65) has shown a downward trend from the 1990s to 2012. Furthermore, it is lower than that of the US (0.73), similar to Japans’ and higher than China’s (0.50). oThe downward trend in the time series data is comparable to that of Japan’s manufacturing industry, but the pace is faster. If allocation efficiency does not decrease in Korea's case, the manufacturing TFP growth rate is estimated to climb 0.6%p on an annual basis. As the productivity gap between Korea’s large and small firms is relatively higher than in other countries and is also widening, this paper recommends the following policy measures. oIt is desirable to concentrate more on a selective support for younger SMEs with consideration to their growth potential rather than on unilateral support to all SMEs. (The rest omitted)