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    Ecommerce and Firm Performance: Evidence from Korea

    Lee, Kyu Yub | June 2017
    Abstract
    Official estimates peg global business-to-business ecommerce at 15 trillion dollars and global business-to-consumer ecommerce at 1.2 trillion dollars in 2013 (UNCTAD 2015). When we turn to official estimates for Korea, it is easy to find that Korea’s business-to-consumer ecommerce market is growing at more than twenty percent per year and has emerged as the third largest global ecommerce market in Asia. It is not very much surprising to know the numbers for Korea since Korea is one of the world’s most advanced countries in terms of information and communication technology. However, it is somewhat surprising that we know little about how ecommerce firms or establishments are distributed in the economy of Korea. In addition, we know little about how ecommerce establishments perform relative to their counterparts of a similar age and size in the same industry. The paper aims to characterize and test performance differences between ecommerce and non-ecommerce firms or establishments. Although the number of ecommerce establishments makes up a small fraction of the economy, ecommerce establishments have a heavier weight in sales, employment, and wage. Due to endogeneity of ecommerce variable, the paper reconstructs the 2010 Korea Census dataset by using Propensity Matching Score and shows that in manufacture ecommerce establishments have, on average, larger sales-per-worker and pay higher wage whereas in services ecommerce ones have higher sales-per-worker but pay no larger wage than their counterparts of a similar age and size in the same industry. It also adds quantile estimates showing that sales-per-worker differences between ecommerce and non-ecommerce establishments in manufacture are positive and statistically significant only at lower quantiles of the distribution. In services, sales-per-worker differences between them are positive and significant at most of distribution but turns to be negative, though not significant, at above upper quantile of the distribution.
    Citation
    Lee, Kyu Yub. 2017. Ecommerce and Firm Performance: Evidence from Korea. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7832.
    Print ISBN
    978-89-322-4272-9
    Keywords
    Trade And Development
    Large Scale Industry
    Regional Trade
    Commerce and Industry
    Trade Negotiations
    Merchandise Trade
    Domestic Trade
    Computer Industry
    Trade Regulation
    Telecommunication Companies
    Rural Rehabilitation
    Biotechnology
    Interindustry Trade
    Industrial Policy
    Industrial Investment
    Industrial Development
    Small Scale Industry
    Medium Scale Industry
    Local Industry
    Transport Infrastructure
    Trade regulations
    Telecommunications Industry
    Computers
    Trade data interchange
    Access to markets
    E-Commerce
    Rural development
    Unfair competition
    Supply and demand
    Energy policy
    Developing countries
    Industrial organizations
    Creative industries
    Investment banking
    Microfinance
    Financial planning industry
    Infrastructure
    Manufactures
    Business failures
    Wages and labor productivity
    Microelectronics industry
    Electronic industries
    Digital electronics
    Microelectronics
    Electronic commerce
    Business enterprises
    Digital
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    Citable URI
    http://hdl.handle.net/11540/7832
    Metadata
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    Thumbnail
    WP17-06_Ecommerce_and_Firm.pdf (5.932Mb)
    Author
    Lee, Kyu Yub
    Theme
    Industry
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise