A review of total factor productivity studies in Korea and a discussion of limits to national and corporate technology strategies Online publication date: Wed, 09-Jul-2003
by Seung-Rok Park
International Journal of Technology Management (IJTM), Vol. 22, No. 5/6, 2001
Abstract: In this paper, we review studies of total factor productivity (TFP) and limitations of technology strategies in Korea. Three distinct issues for discussion emerge from the TFP studies in Korea: methodologies measuring TFP, the relative size of TFP and the role of government enhancing productivity. It seems that many economists agree that the contribution rale of TFP as a proportion of GNP growth is not significant, mainly due to the poor efforts of the Korean government and business regarding R&D investment and innovations. National and corporate technology strategies have also traditionally relied upon imitations, reverse engineering, and direct imports of foreign capital goods and technology. In this sense, we could find that the future engine for economic growth of Korea depends on technological innovation, which relies on knowledge-based factors.
Online publication date: Wed, 09-Jul-2003
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology Management (IJTM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com