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Analysis of the effects of Total Factor Productivity on Employment

Research Department (Economic Activities Analysis Team(+82-2-759-4233)) 2011.11.07 1168

It is desirable to expand the base for domestic demand in order to improve the high export dependence of the Korean economy. In this regard, the relationship between total factor productivity and employment, estimated by the growth accounting method, was analyzed in this paper, with the use of the labor demand function and a structural VAR model.

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