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This paper documents the sources of the Republic of Korea's economic growth, as well as the associated productivity … makes significant differences in measuring the magnitudes and directions of change in sectoral total factor productivity …, in the following three decades, the source of growth switched to productivity improvements, mainly engineered by the …
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aggregate productivity growth. The findings show that within-plant productivity growth, which includes the effects of fast … growth of young plants as well as robust growth of large continuing plants, played an important role in the productivity …. Moreover, productivity growth of an industry accompanied an increase of productivity dispersion, a measure commonly interpreted …
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in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …
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