[Vol.24 No.3] Analysis on Korean Inter-industry Productivity Spillover Effects

구분
Macro Economy
등록일
2018.09.30
조회수
8050
키워드
담당부서
Economic Research Institute(02-759-5407)
첨부파일

Author : Won-Kyu Kim



  This paper focuses upon estimating the long-run relationship among industrial total factor productivity(TFP), research and development(R&D) stock and TFP of other industries based on domestic intermediate input or demand structure, using the data of 30 industries and the period of 1998-2016. According to the estimation results, the TFP of other industries makes significant and positive effects on the TFP of individual industries through intermediate input or demand spillover channel. Meanwhile, based on the estimation results of manufacturing, service and other industries, when the TFP(R&D stock) of 30 industries increase by 1%(10%) respectively, the TFP growth of whole industry enlarges by 1.34%(1.08%) through intermediate supply and demand channel. 

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