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한국 제재산업의 기술변화 분석 : Technological Change of Sawmill Industry in the Republic of Korea
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- Authors
- Issue Date
- 2006
- Publisher
- Korean Forest Sociey
- Citation
- Journal of Korean Forest Sociey, vol. 95(3), pp. 268-273
- Keywords
- technological change ; cost function ; substitution ; return to the scale
- Abstract
- This study analyzed the technological change of Korean sawmill industry affected by change of factor price. An aggregate cost function has been estimated to analyze the technological change in Korean sawmill industry between 1970 and 2003 to the technical bias and scale effect. There was sustitution among labour, sapital, and material, especially in more elastic relation between labour and capital. In addition, domestic sawmil industry was progressed into structure which is biased to labour saving, and capital and material using because of increase of labour price. Since Korean sawmill industry's technology still exhibits an increasing returns to the scale, the large amount of investment has contributed to productivity growth, and the future productivity growth continually depend on the scale effect for some time.
- ISSN
- 0445-4650
- Language
- Korean
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