Technological progress, structural change and productivity growth in the manufacturing sector of South Korea
by Lakhwinder Singh
World Review of Science, Technology and Sustainable Development (WRSTSD), Vol. 1, No. 1, 2004

Abstract: This paper focuses on the impact of technology and structural change on the aggregate productivity growth in the manufacturing sector of South Korea, using the eight firm size classes over the period 1970–2000. The conventional shift-share analysis is used to measure the impact of shift of both labour and capital inputs. The results show that structural change on an average was conducive to productivity growth during the 1970s and this pattern reversed afterwards. Small and medium industries were more dynamic in terms of reallocation of resources; however, the dominance of large-sized firms in the manufacturing sector outweighed the positive impact of that reallocation. Deliberate state policy favouring large-sized firms has impeded the restructuring process facilitated by technical progress, the penalty for which has been paid in terms of forgone growth.

Online publication date: Wed, 07-Jul-2004

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
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 World Review of Science, Technology and Sustainable Development (WRSTSD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your 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 subs@inderscience.com