Export growth in Korean manufacturing leads to job loss, study finds.
The article explores why export growth doesn't always create enough jobs in Korean manufacturing. By analyzing industry-level data, the researchers found that changes in the types of products being exported can affect employment levels. They discovered that when exports shift towards less labor-intensive products, it leads to a decrease in job creation. Additionally, industries with higher capital intensity tend to have lower job growth from exports. Interestingly, when small and medium-sized enterprises or goods for final consumption make up a larger portion of exports, there is a higher impact on employment.