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Productivity and patterns of trade : The experience of Korea in the 1990s

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  • Productivity and patterns of trade
  • Tcha, MoonJoong
  • Korea Development Institute


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Title Productivity and patterns of trade
Similar Titles
Sub Title

The experience of Korea in the 1990s

Material Type Articles
Author(English)

Tcha, MoonJoong

Publisher

[Sejong, South Korea]:Korea Development Institute

Date 2004-12
Journal Title; Vol./Issue KDI Journal of Economic Policy:vol. 26(no. 2)
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Others
Holding Korea Development Institute

Abstract

This paper analyzes the industrial growth of Korea in the 1990s and its relationship with the nation's export performance. The result shows that total factor productivity (TFP) played a significant role in the growth of some industries, where in particular a sharp increase in TFP was observed in the electrics and electronics industry and the automobile industry in the late 1990s. While CEPII RCA indexes for the Korean industries such as IT industry and automobile industry significantly increased since 1998, only limited evidence was found that TFP or TFI influenced RCA. Investigating Korea's export performance in the Northeast Asian context, this paper shows that, in the 1990s, the growth of Korea's exports to Japan was led by industries that recorded relatively fast growth in total factor input (TFI). (The rest omitted)