| Description |
1 online resource (32 pages) : color illustrations |
| Series |
IMF working paper ; WP/16/162 |
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IMF working paper ; WP/16/162.
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| Contents |
Cover; Contents; I. Introduction; II. Data; III. Model and Empirical Strategy; IV. Results; A. Production Function Estimation with O-P Methodology; B. Aggregate-level TFP Accounting; C. Industry-level TFP Accounting; V. Conclusion; References; Figures; 1. Pro-cyclicality of TFP and Imports; 2. Import Growth by End-Use Category; 3. Distribution of TFP and Firm Size (Importer vs. Non-Importer); Tables; 1. OLS Estimation Results for Production Function; 2. Summary Statistics for TFP, Firm Size and Import Ratio; 3a. Average TFP and Firm Size (Importer vs. Non-importer) |
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3b. Descriptive Statistics by import/survival status4. Estimation Results for Production Function with Import Ratio; 5. Estimation Results for Industry-level Production Function with Import Ratio; 6. Aggregate TFP Growth and Contribution of Imported Inputs (%); 7. Decomposition of Aggregate TFP Growth Associated with Imported Inputs (%); 8. TFP Growth and Contribution of Imported Inputs by Industry (%); 9. Industry-level Decomposition of TFP Growth associated with Imported Inputs (%); 10. Regression Results: Industry-level Decomposition of TFP Growth Associated with Imported Inputs |
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11. Regression Results: Industry-level Decomposition of TFP Growth associated with Imported InputsAppendix Tables; A1. Industry Classification (Korean Standard Industry Classification (KSIC)); A2. Summary Statistics; A3. Robustness check for O-P Estimation Results; Olley-Pakes Methodology |
| Summary |
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown |
| Notes |
"August 2016." |
|
At head of title: International Monetary Fund, Research Department |
| Bibliography |
Includes bibliographical references (pages 13-15) |
| Notes |
Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016) |
| Subject |
Imports -- Korea (South)
|
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Industrial productivity -- Korea (South)
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Imports
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Industrial productivity
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Korea (South)
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| Form |
Electronic book
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| Author |
Choi, Moon Jung, author.
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International Monetary Fund, publisher.
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International Monetary Fund. Research Department, issuing body.
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| ISBN |
9781475523584 |
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1475523580 |
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