Show simple item record

The Effect of Restructuring on Labor Reallocation and Productivity Growth: An Estimation for Korea

dc.contributor.authorHyelin Choi
dc.contributor.authorSung Chun Jung
dc.contributor.authorSubin Kim
dc.description.abstractProductivity is considered one of the most important factors for economic growth. Total productivity grows through technological progress or reallocation of re­sources. This paper analyses their contribution to economic growth for total economy and by sectors. The main finding is that economy-wide increases but this is mainly due to internal technological improvements. On the one hand, inter-sector reallocation of labor negatively contributes to economic growth as employment moves to service sectors with low productivity. Further, when looking at the sec­toral-level productivity growth, both internal and external restructuring make positive contributions to aggregate economic growth. However, internal technological progress and reallocation of employment appear to similarly contribute to the sectoral-level economic growth in the manufacturing sector, whereas internal restruc­turing makes a larger contribution to economic growth in the service sector. This suggests that there is more room for reallocation of resources to contribute to the productivity growth in service sectors. Therefore, the productivity growth of the service sector would foster economy-wide productivity and it can be achieved by the mitigation of misallocation of resources in service sectors.
dc.publisherKorea Institute for International Economic Policy
dc.titleThe Effect of Restructuring on Labor Reallocation and Productivity Growth: An Estimation for Korea
dc.typeWorking Papers
dc.subject.expertEconomic development
dc.subject.expertStandard of living
dc.subject.expertTrade development
dc.subject.expertPerformance appraisal
dc.subject.expertNeeds assessment
dc.subject.expertInput output analysis|ADB
dc.subject.expertPerformance appraisal
dc.subject.expertProject failure
dc.subject.expertProject impact
dc.subject.expertProject appraisal
dc.subject.expertCareer development
dc.subject.expertVocational training
dc.subject.adbDevelopment Challenges
dc.subject.adbAsian Development Bank
dc.subject.adbDevelopment Management
dc.subject.adbSkills Development
dc.subject.adbPerformance Evaluation
dc.subject.adbEvaluation Methods
dc.subject.adbJob Evaluation
dc.subject.adbStaff Development
dc.subject.naturalLabor policy
dc.subject.naturalManpower policy
dc.subject.naturalCareer development
dc.subject.naturalJob analysis
dc.subject.naturalParticipative management
dc.subject.naturalGrievance procedures
dc.subject.naturalVocational guidance
dc.subject.naturalLabor policy
dc.subject.naturalRural manpower policy
dc.subject.naturalCareer development
dc.subject.naturalApplications for positions
dc.subject.naturalAffirmative action programs
dc.subject.naturalLabor turnover
dc.title.seriesKIEP Working Paper
dc.contributor.imprintKorea Institute for International Economic Policy
oar.adminregionEast Asia Region
oar.countryRepublic of Korea
oar.authorChoi, Hyelin
oar.authorJung, Sung Chun
oar.authorKim, Subin

Files in this item


This item appears in the following Collection(s)

Show simple item record