KDI Economic Outlook 2014-1st Half Assessment of Korean TFP Growth in the 2000s through the Comparison of Growth Accounting Methods May 27, 2014
KDI Economic Outlook 2014-1st Half
Assessment of Korean TFP Growth in the 2000s through the Comparison of Growth Accounting Methods
May 27, 2014
- Summary
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■ Concerns are being raised over slow growth in the Korean economy, and productivity improvement gradually emerges as a significant factor for buffering the slow growth.
■ In this regard, assessing the degree of contribution of the slowed growth in the 2000s to the decrease in productivity growth would be of high importance as a basis in projecting the future growth of the Korean
economy.
■ Under this context, this paper intends to suggest potent assessments and policy implications by compiling and reviewing preceding studies on the productivity growth rates in the 2000s.
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