BOK Working/Discussion Papers

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Human Capital and Productivity for Korea's Sustained Economic Growth

Economic Research Institute (82-2-759-5407) 2004.10.26 3038

Human Capital and Productivity for Korea’s Sustained Economic Growth



I. Introduction 2

II. The Catch-up Process in Output and Productivity 4
1. Output per Worker and Productivity Gaps 4
2. The Determinants and Prospects of the Korea’s Catching-up 11

III. Analysis of Output and Productivity Growth in Korean Industries 16

IV. Technology and Human Capital for Sustained Productivity Growth 22

V. Concluding Remarks 27

Appendix: Data and Sources for Sectoral Growth Accounting 29