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Productivity and Employment in a Developing Country: Evidence from Republic of Korea

dc.contributor.authorSangho Kim
dc.contributor.authorHyunjoon Lim
dc.contributor.authorDonghyun Park
dc.date.accessioned2015-01-30T14:44:19Z
dc.date.available2015-01-30T14:44:19Z
dc.date.issued2008-06-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/1772
dc.description.abstractThe paper empirically investigates the relationship between productivity and employment in Republic of Korea using structural vector autoregression (VAR) models. Productivity-enhancing technology shocks significantly increase hours worked, which lends support to the real business cycle theory. The results show that technology shocks can explain most elements of a business cycle both in the short and long run. On the other hand, demand shocks can only explain price fluctuations. The evidence thus suggests that Korean policymakers should give higher priority to supply-side policies that promote technological progress and innovation.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleProductivity and Employment in a Developing Country: Evidence from Republic of Korea
dc.typeWorking Papers
dc.subject.expertCommerce and Industry
dc.subject.expertIntra-Industry Trade
dc.subject.expertLarge Scale Industry
dc.subject.expertLabor
dc.subject.expertTechnical Evaluation
dc.subject.expertResults-Based Monitoring And Evaluation
dc.subject.expertPerformance Evaluation
dc.subject.adbIndustrialization
dc.subject.adbIndustrial Economics
dc.subject.adbIndustrial Development
dc.subject.adbIndustrial Policy
dc.subject.adbTechnology assessment
dc.subject.naturalCapital market
dc.subject.naturalDeveloping countries
dc.subject.naturalMarket share
dc.subject.naturalLabor
dc.subject.naturalTechnology transfer
dc.subject.naturalCumulative effects assessment
dc.subject.naturalJob analysis
dc.subject.naturalTask analysis
dc.title.seriesEconomics and Research Department Working Paper Series
dc.title.volumeNo. 116
dc.contributor.imprintAsian Development Bank
oar.themeIndustry
oar.themeEvaluation
oar.adminregionEast Asia Region
oar.countryRepublic of Korea
oar.identifierOAR-001921
oar.authorKim, Sangho
oar.authorLim, Hyunjoon
oar.authorPark, Donghyun
oar.importtrue
oar.googlescholar.linkpresenttrue


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