After comprehensively reviewing various methodologies related to productivity growth rate, this paper estimates that Korea's TFP growth rate in the 2000s is not substantially lower than that in the 1990s.This estimation implies that Korea's TFP growth maintains a sustainable pace, and hence less...

This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, Korea's extreme response to the current...

This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, the Korea’s extreme response to...