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한국 제조업 사업체의 체화 기술진보율 추정

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Abstract

This paper empirically investigates the rates of embodied technological change and their relative contributions to total factor productivity growth for manufacturing, using the Korean plant-level manufacturing data for the period of 1985-2003. We adopt a production-based estimation method proposed by Sakellaris and Wilson (2004) in order to examine the marginal productivity increase of each vintage of equipment over time. We find that the rate of embodied technological progress of Korea’s manufacturing sector maintains the annual average level of 13.7 percent from 1985 to 2003, slightly lower than 16.9 percent of the U.S., estimated by Sakellaris & Wilson (2004). While the rate recorded a remarkable increase after the 1997 financial crisis, IT-producing and IT-using industries achieved higher rates of embodied technological progress than non-IT counterparts.

Issue Date
2012
Publisher
한국개발연구원
Keywords
체화 기술진보, 설비투자, Embodied Technological Progress, Equipment Investment
Citation
한국개발연구, v.34, no.1, pp.55 - 85, 2012
DOI
10.23895/kdijep.2012.34.1.53
Journal Title
한국개발연구
Start Page
55
End Page
85
ISSN
1738-656X
Language
Korean
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