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한양대학교 경제연구소> JOURNAL OF ECONOMIC RESEARCH> Labor reallocation and productivity growth

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Labor reallocation and productivity growth

Hyelin Choi
  • : 한양대학교 경제연구소
  • : JOURNAL OF ECONOMIC RESEARCH 24권3호
  • : 연속간행물
  • : 2019년 11월
  • : 271-296(26pages)

DOI


목차

1 Introduction
2 Inter-Sector labor movement and productivity growth
3 Within-Sector labor movement and productivity growth
4 Conclusion
References
Appendix A. List of industries
Appendix B. Decomposition of productivity: Small and large firms

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초록 보기


						
Total productivity grows through technological progress or reallocation of resources. This paper analyses their contribution to economic growth by decomposing economy-wide and sectoral productivity changes into reallocation of labor and internal productivity growth using Korean firm-level data. The main finding is that inter-sector reallocation of labor negatively contributes to productivity growth as employment moves to service sectors with low productivity, but this is offset by industrial technological progress. On the other hand, intra-sector decomposition of productivity growth shows that both reallocation of labor input across firms within an industry and productivity improvement of firms make positive contributions to the productivity growth.

UCI(KEPA)

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  • : 사회과학분야  > 경제학
  • : KCI등재
  • :
  • : 연3회
  • : 1226-4261
  • :
  • : 학술지
  • : 연속간행물
  • : 1996-2019
  • : 308


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발행기관 최신논문
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1A comparative study on export promotion programs: Manufacturing versus services1

저자 : Siwook Lee

발행기관 : 한양대학교 경제연구소 간행물 : JOURNAL OF ECONOMIC RESEARCH 24권 3호 발행 연도 : 2019 페이지 : pp. 247-269 (23 pages)

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초록보기

This paper provides a comparative study on the effectiveness of export promotion programs between manufacturing and service firms, based on a survey analysis for Korean companies. Specifically, we explore the relationships among the characteristics of individual firms, the key barriers to trade for these firms and the effectiveness of EPPs. First of all, our estimation results show that the net impact of export promotion programs on individual firms' export performance, after controlling for firm-level heterogeneity, tends to be more significant for manufacturing firms than for service firms. Second, regardless of an individual firm's status or characteristics, bottlenecks in overseas marketing, such as the lack of marketing experts and the difficulty in securing foreign distribution networks, are the most binding constraints to exporting activities. Third, while firms have different needs for public export support depending on their own characteristics, this mechanism is more complex for service firms relative to manufacturers.

2Labor reallocation and productivity growth

저자 : Hyelin Choi

발행기관 : 한양대학교 경제연구소 간행물 : JOURNAL OF ECONOMIC RESEARCH 24권 3호 발행 연도 : 2019 페이지 : pp. 271-296 (26 pages)

다운로드

(기관인증 필요)

초록보기

Total productivity grows through technological progress or reallocation of resources. This paper analyses their contribution to economic growth by decomposing economy-wide and sectoral productivity changes into reallocation of labor and internal productivity growth using Korean firm-level data. The main finding is that inter-sector reallocation of labor negatively contributes to productivity growth as employment moves to service sectors with low productivity, but this is offset by industrial technological progress. On the other hand, intra-sector decomposition of productivity growth shows that both reallocation of labor input across firms within an industry and productivity improvement of firms make positive contributions to the productivity growth.

3Do International Clearing Unions enhance trade? An empirical evaluation of the Asian Clearing Union

저자 : Vijay Singh Shekhawat , Vinish Kathuria

발행기관 : 한양대학교 경제연구소 간행물 : JOURNAL OF ECONOMIC RESEARCH 24권 3호 발행 연도 : 2019 페이지 : pp. 297-322 (26 pages)

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The Asian Clearing Union (ACU) is expected to enhance international trade of its member countries without the need for them to hold excessive international reserves, either as assurance or for external trade settlements. This study investigates the effect of ACU (having nine members) on external trade using bilateral trade data of 963 country pairs over a thirty three year period from 1980 to 2013. Accommodating the selection bias caused by zero trade observations, the results of various estimations including Heckman two-step and pseudo poisson maximum likelihood suggests that median trade growth within ACU is lower than their trade growth of the ACU members with non-members within a range of 45 to 68 percent. Results of the study can be generalized to indicate that a clearing system has the potential to obstruct trade in the absence of alternative channels for settlements.

4The robustness of population-weighted individual income distribution dynamics

저자 : Deockhyun Ryu , Wonho Song

발행기관 : 한양대학교 경제연구소 간행물 : JOURNAL OF ECONOMIC RESEARCH 24권 3호 발행 연도 : 2019 페이지 : pp. 323-342 (20 pages)

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The recent literature on 'global income distribution' has recently focused on 'individual income inequality' to account for the so-called China effect. We examine the robustness of various population weighting schemes that account for different country sizes in the study of income distribution dynamics. We apply our test of stochastic stability to within as well as between-country income distribution dynamics and find that the middle-income group's role in income distribution dynamics vanishes when we allow for very high population weights for China and India. Following a more robust procedure that caps the weights of countries with excessively large populations, we recover the stable middle-income group during some sub-periods of our sample. We argue that giving China and India weights proportional to their populations allows these two high-leverage points to dominate all other sources of income distribution dynamics.

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