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A Comparative Analysis of Productivity Growth and Productivity Dispersion: Microeconomic Evidence Based on Listed Firms from Japan, Korea, and China
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- Authors
- Issue Date
- 2008-01
- Citation
- Seoul Journal of Economics, Vol.21 No.1, pp. 40-91
- Keywords
- Total factor productivity ; Micro data ; TFP growth ; Productivity dispersion ; Listed firms ; Japan ; Korea ; China
- Abstract
- Utilizing the firm-level dataset, this study aims to explore
differences in firm-level productivity and growth between Japan,
Korea, and China. Our main results can be summarized as
follows. First, although Japanese firms enjoy the highest average
TFP level in many industries, their TFP growth rate has been
relatively low during the past two decades. Korean firms have
achieved considerable TFP growth in certain industries. The
average TFP level of Chinese firms is still much lower than that
of Japanese and Korean firms in many industries. Second,
within-industry dispersion of TFP levels is very small for
Japanese firms. Third, in Korea, the TFP levels of lowperforming
firms are approaching those of the national frontier
firms at a more rapid pace than in Japan.
- ISSN
- 1225-0279
- Language
- English
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