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 …

segmentation and the outsized tail of poorly performing firms, which undermines aggregate productivity growth. Low productivity … to fall behind in productivity. Lower productivity units (“laggards”), which employ a large share of the low … innovation incentives. All firms could then achieve stronger productivity gains and the most promising firms could grow faster …