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Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the...
Persistent link: https://www.econbiz.de/10011848170
In the last two decades, manufacturing industries in Korea have become more concentrated, and interconnectedness across … industries and to foreign countries has risen via vertical relationships and trade linkages. This paper investigates the … shocks in a few key industries and/or major trading partners that are transmitted through vertical and trade linkages can …
Persistent link: https://www.econbiz.de/10012022013
through trade to Korea and/or a few industries that are highly interconnected to other industries …
Persistent link: https://www.econbiz.de/10012022016