کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
9553514 1375467 2005 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Human capital and productivity for Korea's sustained economic growth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Human capital and productivity for Korea's sustained economic growth
چکیده انگلیسی
This paper assesses Korea's growth experience and its prospects based on methods of 'level accounting' and 'growth accounting'. The level accounting method shows that the gap of output per worker between Korea and the US has rapidly decreased over the past three decades. However, this swift 'catch-up' process is attributed to physical and human capital accumulation for the most part, rather than to the total factor productivity (TFP) growth. Growth accounting shows that the productivity growth of the Korean economy, particularly the manufacturing industry, has accelerated in recent years. But, poor productivity performance in the service industries, including finance, insurance, and real estate, construction, and wholesale and retail trade sectors, hampers overall productivity growth. For sustained productivity growth, Korea needs to stimulate technological investment, and upgrade the quality of human capital.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Asian Economics - Volume 16, Issue 4, August 2005, Pages 663-687
نویسندگان
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