This paper documents the sources of the Republic of Korea's economic growth, as well as the associated productivity … growth and efficiency dynamics during its process of structural transformation from 1970 to 2016. The analysis includes land … (TFP). Input-based growth and structural changes contributed to the early take-off stage of growth in the 1970s. However …

United States), with China leading the pack. Productivity growth has been driven by sustained within-sector productivity … growth. Reallocation of labor to sectors with higher productivity, such as industry and services, also contributed to …