Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and sectoral level data, first we assess the rising dispersion of...

Korean Abstract: 총생산성(aggregate productivity)은 거시경제 전체의 투입된 생산요소 대비 얼마나 많은 산출물을 가져올 수 있는지를 설명하는 지표이다. 이러한 총생산성은 생산함수의 기술 수준뿐 아니라 생산요소를 얼마나...

Korean Abstract: 본 보고서는 개방경제하에서의 재정정책 효과에 대하여 분석하고, 재정정책이 국내 기업투자에 미치는 영향에 대하여 고찰하고자 한다. 우리 경제 자본계정은 경제가 성장함과 더불어 지속적으로 확대되고 또...

Gel-polymer electrolytes are attractive for applications in flexible electrochromic devices (ECDs). Among such electrolytes, UV-curable gel-polymer electrolytes are particularly advantageous because they can be cured in a short time and suffer less deformation from heating due to low-temperature...

This study examines the effect of foreign direct investment (FDI) on local firms' productivity via human capital transfer from MNEs to local firms. Using the firm-level data for 2010-2015 from the Republic of Korea, we identify human capital spillovers using local firms' hired permanent foreign...

We synthetically assess the three major transmission channels of international business cycles: bilateral trade, foreign direct investment (FDI), and portfolio investment flows between economies with multiple fixed effects. Using the data of 72 economies during 2010-2019, we find that real and...