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Productivity, Markups and Export Intensity: Evidence from Korean Manufacturing

Choi, Yong-Seok / Lee, Si Wook

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Abstract

This paper empirically investigates the impacts of export intensity on plant-level productivity growth and markups by assessing Korean manufacturing data between 1992and 2002. Our Generalized Propensity Score estimation results suggest an inverted U-shaped relationship between export intensity and productivity growth, which is consistent with Fryges and Wagner (2007). At the same time, we also find a similar pattern in the export intensity-markup nexus. Our results generally imply that increasing export intensity up to a certain threshold provides a better opportunity for exporters to improve productivity and charge higher markups than non-exporters, but a plant whose export intensity is beyond this threshold may not fully benefit from exporting activity as excessive exposure to foreign markets causes higher market uncertainties and internationalization costs.

Issue Date
2013
Publisher
한국경제학회
Keywords
Export Intensity, Markups, Total Factor Productivity, Generalized Propensity Score
URL
http://www.kereview.or.kr/modules/repec/backIssue_view.html?vol=29&num=2&p=1&no=518
Journal Title
The Korean Economic Review
Start Page
329
End Page
350
ISSN
0254-3737
Language
English
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