• KDI Journal of Economic Policy
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• 제39권4호
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• pp.25-50
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• 2017

Whereas a large variety of previous studies show mixed results regarding the relationship between public investment and economic outcome, several studies have been conducted on related issues in Korea. The present study deals with the effect of public investment in Korea on economic growth and productivity. Using administrative data, it exploits three different methodologies: the total factor productivity approach, production function approach, and stochastic frontier production function approach. The results of this study show that public investment has a statistically significant effect on economic growth. However, it contributes little to enhance productivity. It is explained that there exists inefficiency of production in the Korean economy. These findings indicate that public investment has played a central role in the direct input factor and not in indirect role in Korea. Thus, it is necessary for public investment policies to concentrate on enhancing the efficiency of the Korean economy.

• 산업공학
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• 제21권3호
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• pp.312-321
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• 2008

The productivity increase by technological advance is the biggest driving force of economic growth. In this paper, we investigate the inputs and outputs of the manufacturing and service industries in Korea. We also estimate the total and partial factor productivities of both industries using the Solow model and the Kendrick model. Finally, we analyze the contribution of each input factor to industrial growth.

• East Asian Economic Review
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• 제23권2호
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• pp.169-202
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• 2019

Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research and final consumption. The model permits the evaluation of two policy options for stimulating manufacturing growth: (1) a country imports more non-manufacturing goods from a foreign country with higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies improve welfare of the economy, but depending on the policy the manufacturing sector responses differently. Specifically, employment and value-added in manufacturing increase with policy (1), but contract with policy (2). Therefore, specialization of the import non-manufactured goods helps explain why some Asian economies experience rapid growth in the manufacturing sector without progress in other sectors.

• 기술혁신연구
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• 제5권1호
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• pp.15-43
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• 1997

This paper investigates empirically the relationship between various business portfolio properties (particularly technological properties) and chaebol's performance using data on the 50largest chaebols in Korea. In addition to the traditional indexes to measure diversification such as entropy index, we calculated inter-industry technological similarity using R'||'&'||'D expenditure data by industry and 1990 Input-output Table in korea, and obtained chaebol-level technological relatedness and internal transaction proportion from chaebols' business profile, inter-inustry technological similarity and 1990 input-output table. We applied factor analysis on 13 business portfolio property indexes and showed that they could be grouped into 3 dimensions. diversification scope, inter-business relatedness and degree of vertical integration. In this paper, using 50 largest chaebols' financial data (1989-1994), we analyzed empirically the effect of business portfolio properties on ROS(Return On Sales) which is conventional index for firm performance and on TFP(Total Factor Productivity) growth which is a pure measure of firm performance. To utilize the advantage of panel data, FEM(Fixed Effect Model) and REM(Random Effect Model) were used. The empirical result shows that the entropy index as a measurement of inter-business relatedness in not significant but technological relatedness index is significant. OLS estimates on pooled data were considerably different from FEM or REM estimates on panel data. By introducing interaction effect among the three variables for business portfolio properties, we obtained three findings. First, only VI(Vertical integration) has a significant positive correlation with ROS. Second, when using TFP growth as an dependent variable, both TR(Technological Relatedness) and VI are significant and positively related to the dependent variable. Third, the interaction term between TR and VI is significant and negatively affects TFP growth, meaning that TR and VI are substitutes. These results suggest strategic directions on restructuring business portfolio. As VI is increased, chaebols will get more profit. A higher level of either TR or VI will increase TFP growth rate, but increase in both TR and VI will have a negative effect on TFP growth. To summarize, certain business portfolio properties such as VI and TR can be considered "resources" themselves since they can affect profit rate and productivity growth. VI and TR have a synergy effect of change in profit rate and productivity growth. VI increases ROS and productivity growth, while TR increases productivity growth representing a technological synergy effect.t.

• 산업경영시스템학회지
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• 제22권51호
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• pp.175-187
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• 1999

The notion of productivity has been extended from the quantitative change of input factors to the efficiency change meaning efficient use of resources, and to the technical change meaning the qualitative improvement of input resources. In this way, the technical change is termed as total factor productivity in the individual businesses or the manufacturing industries. They should efficiently respond to the variations of economic environment and at the same time, have to make the efforts to improve productivity by increasing managerial efficiency and rasing the level of technology change for the continuous growth. Considering the growing importance of productivity, this study closely examines the factors influctuation on the productivity, fluctuation using total factor productivity in korean manufacturing industries. For the objective this study investigates the methods of measurement about total factor productivity, establishes the hypotheses based on the preceding research and finding. The results are obtained through the examination on the outcoms of regression analysis and related data. The results can be summarized as follows, First, in the progress of korean industrialization, the qualitative growth does not depend on the total factor productivity of the technical advance, and does not lead to the industry expansion. That is, the contribution of total factor productivity turns out to be relatively low. Second, it is necessary for the manufacturing industry to improve the level of technology and to emphasize the innovation of business, since the capital investment does not completely become fixed in the growth rate of productivity. Finally, continuous R&D investment should be made to increase total factor productivity. Namely, the regulation of industrial structure with an intensive technical development is essential and should be based on scientific and technical knowledge.

• 자원ㆍ환경경제연구
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• 제24권2호
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• pp.411-433
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• 2015

본 연구는 거리함수에 기초한 분해분석을 활용하여 표본기간 1995년부터 2009년 한국 14개 제조업의 에너지 생산성 변화요인을 분석한다. 산출거리함수를 적용한 분해산식은 기술적 성장에 따른 생산성 성장효과를 생산요소 및 에너지 믹스와 관련된 다양한 분해요인으로 세분화하는 장점이 있으며 추정결과를 요약하면 다음과 같다. 첫째 한국 제조업은 90년대 후반 이후 전반적인 에너지 생산성의 향상을 보였으며 표본기간 에너지 저소비형 산업이 경험한 경제적 성과가 핵심적인 요인으로 작용하였다. 둘째 생산프론티어의 성장을 의미하는 기술적 진보에 의한 에너지 생산성 성장이 크게 표출되었으며 효율성 개선을 통한 성장여지가 존재한다. 셋째 주요 생산요소인 노동 및 자본과 관련된 분해요인은 에너지 생산성 변화에 상호 상충된 영향을 미쳤으며 에너지 믹스에 의한 생산성 성장이 확인되었다. 다음으로 본 연구는 산업별 에너지 생산성 변화와 수출성장률의 관계를 추가적으로 분석하였으며 일부 에너지 집약 산업을 제외한 대부분의 산업부문에서 수출생산 성장률과 에너지 생산성의 성장 간 양(+)의 상관관계를 확인하였다.

• Korean Chemical Engineering Research
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• 제54권6호
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• pp.775-780
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• 2016

최근 태양전지 산업에서는 효율과 더불어서 생산성을 높이고 원가를 절감할 수 있는 설계가 요구되고 있다. 생산성의 향상을 위하여 반응기의 크기를 키우면 기존의 8 inch 잉곳에서 12 inch 잉곳으로 생산이 가능하다. 또한 연속공정법을 사용하여 생산성 증대를 극대화 시킬 수 있다. 본 연구에서는 12인치 잉곳이 최적 컨디션의 수율향상을 위한 소비전력 감소와 생산성 향상에 관한 시뮬레이션을 진행하였다. 인출속도 별 계면 형상과 폰-미제스 스트레스, 온도구배, 소비전력을 비교하여 최적의 인출속도를 찾았다. 그 결과, 생산성 향상과 에너지를 절감할 수 있는 최적 공정 파라미터를 도출할 수 있었다. 이러한 연구는 실제 태양전지 산업에서 생산성 향상에 기여할 수 있을 것으로 기대 된다.

• 통상정보연구
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• 제14권2호
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• pp.271-293
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• 2012

서비스 산업의 중요성이 높아짐에 따라 경제에 있어서 서비스의 역할에 대한 연구도 활발하게 이루어지고 있다. 이러한 연구는 주로 경제의 서비스화와 일국의 생산성의 관계를 중심으로 연구되었다. Baumol(1967)은 경제의 서비스화는 일반적으로 생산성 저하 현상을 야기할 것이라는 우려를 제시했으나 선진국의 경우 생산성이 오히려 상승하는 Baumol의 역설 현상이 발생하였다. Oulton(1999, 2001)은 이러한 현상의 이유로 하나의 산업에서의 생산이 타 산업으로부터 중간재를 공급받아 생산되는 연쇄과정인 전후방연관효과에서 찾고 있다. 따라서 본 연구에서는 OECD 국가를 대상으로 Oulton(1999, 2001)의 이론을 실증적으로 검증해 볼 필요성이 있다고 판단하였다. 연구 결과, Oulton(1999, 2001)의 이론과 같이 서비스의 중간투입 비중이 상승하면 다요소생산성(Multifactor Productivity)이 상승하였다. 특히 일반서비스와 달리 지식집약적 서비스가 중간재로 투입될 경우 일국의 생산성 향상을 가져오는 것으로 나타났다.

• 국제지역연구
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• 제12권2호
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• pp.99-123
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• 2008

본 논문은 기술추종국(technology follower)으로서의 한국 제조업의 상황을 명시적으로 감안하기 위하여 기술선도국(technology frontier)과의 상대적 생산성 수준을 국제적으로 비교 가능한 방식으로 추정하고, 이러한 상대적 기술격차가 한국 제조업의 산업별 총요소생산성 증가율을 설명함에 있어 어떠한 역할을 하였는가를 분석한다. 1988~2003년 기간 중 한국의 10개 제조업을 대상으로 수행된 실증분석의 주요 결과는 다음과 같다. 첫째 기존의 연구들에서 발견되는 바와 같이 연구개발 집약도, 무역지수, 인적자본지수 등은 총요소생산성 증가에 긍정적인 영향을 미치는 것으로 나타났다. 둘째 기술선도국과의 기술격차가 클수록 그리고 기술선도국의 총요소생산성 증가율이 빠를수록 한국의 해당산업 총요소생산성 증가율이 높은 것으로 나타났다. 셋째 기술선도국과의 기술격차가 클 경우에는 기술선진국들과의 무역을 통한 기술이전이 연구개발 활동이나 인적자본의 축적 등의 경로보다 해당산업의 총요소생산성을 증가시키는 데 보다 효율적인 것으로 나타났다.

• East Asian Economic Review
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• 제27권2호
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• pp.89-114
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• 2023

This paper empirically examines how controlling strategic goods affects productivity by focusing on Korean industries from 2015 to 2019. We hypothesize that strategic goods control positively affects productivity because it promotes international trade by making up for market failures, building up national credibility, and stabilizing market environment; in turn, international trade contributes to productivity growth. The regression results are congruent with our hypothesis. The effects of strategic goods control on productivity were positive and statistically significant in general. These positive effects were more prominent in the group of industries that include strategic goods and, thus, are technologically intensive. The results also support that international trade is a key medium for the effects of strategic goods control on productivity. Consequently, our empirical results support government policy on strategic goods control, ensuring that strategic goods control can contribute to economic growth by reducing diplomatic friction and stabilizing the global market.