English Abstract: This paper explores the role of human capital in explaining labor productivity growth in Korea … expenditures. This human capital growth explains about 30% of the labor productivity growth. The result also implies that the … downward trend in Korea's labor productivity growth since 2001 is mainly due to a decline in both capital deepening and TFP …

effective policy. However, labor productivity should be an engine of economic growth in the long run when labor input reaches …

productivity of the manufacturing sector, relative to that of the whole industry, tends to fall, while that of the service sector …