We investigate Granger causality between productivity growth and inflation in Korea using quarterly data for the period 1985Q1--2002Q4. Our results indicate unidirectional Granger causality from productivity growth to inflation. In light of such causality, we estimate the effect of productivity...

Purpose: The purpose of this paper is to evaluate the effect of veteran status on civilian wages and on retirement age through employing individual-level data. Design/methodology/approach: Instrumental variable (IV) estimation specifications show that, contrary to public perception, veteran...

This study investigates the relationship between trade and economic growth in Korea during 1980-2003. We find Granger causality from imports to Total Factor Productivity (TFP) growth, and the absence of any causal relation between exports and TFP. We then, empirically examine the impact of...

Summary The vast majority of the sizable empirical literature which examines the relationship between productivity and employment examines data from developed countries. In this paper, we contribute to the limited empirical literature on the productivity-employment relationship in developing...

The Republic of Korea is widely seen as a classical example of East Asia's export-driven economic growth. The focus in the literature on exports in the economy's growth has led to an almost complete neglect of the role of imports. This study investigates the relationship between exports,...