콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic System
Industry and Technology Others

Print

Raising Korea's productivity through innovation and structural reform

Related Document
Frame of Image
  • Raising Korea's productivity through innovation and structural reform
  • Jones, Randall S.; Lee, Jae Wan
  • OECD


link
Title Raising Korea's productivity through innovation and structural reform
Similar Titles
Material Type Reports
Author(English)

Jones, Randall S.; Lee, Jae Wan

Publisher

[Paris, France]:OECD

Date 2016-11
Series Title; No OECD economics department working papers / 1324
Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Industry and Technology < Others
Holding EconPapers

Abstract

Raising productivity requires addressing a wide range of policies that affect resource allocation, the creation and diffusion of technology, human capital and the creation and financing of start-ups. The greatest gains can be achieved in the service sector and in SMEs, where productivity has fallen to less than a third of large firms. Regulatory reform, increased international openness and labour flexibility would support such reallocation and technology diffusion. Korea’s large investment in R&D and education should be leveraged to raise productivity by enhancing university and public research and strengthening its links with the business sector and global innovation networks. To take advantage of innovation, the relatively low skill levels of workers above age 35 calls for increased lifelong learning. Perhaps most important, it is essential to shift SME policies away from promoting the survival of firms and towards productivity gains. (The rest omitted)