English Abstract: This study examines the total factor productivity (TFP) changes in the Korean economy, centered on … productivity of 23%. This is mainly due to improvements in efficiency changes such as the catch-up effect and is the highest level … undesirable products, is 1.10, indicating a 10% increase in total factor productivity during the same period. The difference …

regulation on labor productivity through the test and estimation of panel cointegration. Panel cointegration test shows that … there exists a statistically significant cointegration among labor productivity, per capita physical capital stock, per … capita R&D capital stock, and regulatory stringency index. Furthermore, the estimation of panel cointegration vector shows …

rate of total factor productivity. In addition, the first gradual decline in trend growth, which started in the late 1980s …

English Abstract: Labor productivity growth in Korea has been slowing down across all industries in the 2000s, which … has acted to lower national economic growth substantially. The productivity gap between Korea and advanced economies has … to adopt differentiated growth strategies that take account of productivity levels and industry characteristics. The …

English Abstract: This paper explores the role of human capital in explaining labor productivity growth in Korea … accumulates through both time spent in school and spending on educational goods. The estimation result shows that human capital in … expenditures. This human capital growth explains about 30% of the labor productivity growth. The result also implies that the …

previous studies. For more reliable estimation of t he T FP growth, further studies on measuring the labor income of the self …

contributions to total factor productivity growth for manufacturing, using the Korean plant-level manufacturing data for the period … of 1985-2003. We adopt a production-based estimation method proposed by Sakellaris and Wilson (2004) in order to examine … the marginal productivity increase of each vintage of equipment over time. We find that the rate of embodied technological …