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There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
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model. Using provincial panel data for 1985-2001, the paper examines how labor productivity of the services sector has been …
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This report presents new estimates of the levels and growth rates of labour, capital and multifactor productivity for … industry levels. Also, estimates of the sources of labour productivity growth (capital intensity, labour quality, and … multifactor productivity) are presented. Furthermore, this report examines the labour productivity gap between the provinces and …
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This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator … profit rate and increasing capital share: (iii) stagnant capital-labor ratio; (iv) decreasing capital productivity; (v …) decreasing labor productivity (until the mid-1990s); and (vi) increasing markup, the latter interpreted as an indicator of the …
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