Economics, Econometrics and Finance
8 years ago

Technological advancements drive economic growth in Korean manufacturing and service industries.

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IE interfaces
Analysis of the Productivity and Technological Change of the Manufacturing and Service Industries in Korea
Young-Im Bae, Sung-Hwan Song, Seong-hoon Gwon, Soon-Ki Hong

Paper Summary

The article analyzes how technology and productivity affect the manufacturing and service industries in Korea. The researchers used models to estimate productivity and input factors in both sectors. They found that technological advancements play a significant role in economic growth, with different input factors contributing to industrial growth.

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