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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2009.1
- 수록면
- 55 - 75 (21page)
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This paper provides some empirical evidence for R&D stock, openness, and economic freedom that foster the growth of TFP. However, it finds no empirical evidence for markup price and non-constant returns to scale, implying the growth rate of TFP measured as the Solow residual reflects the true productivity growth. In addition, it also suggests empirical evidence for the enlarged role of TFP in the growth of innovation-driven economies by exploring two dynamic panel models specifying the relationship among TFP, investment, and employment. Based on these main findings, I suggest a few policy implications for Korea to fully utilize the role of TFP in the growth of the Korean economy that is transitioning to or has already transitioned to an innovation-driven economy.
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참고문헌 (19)
참고문헌 신청
Abramovitz, M / 1870 / Resource and Output Trends in the United States since 1870 / American Economic Review 46 (2) : 5 ~ 23
Arellano, M / 1991 / Some Tests of Specification for Panel Data: Monte Carlo Evidence and Application to Employment Equations / Review of Economic Studies 58 (2) : 277 ~
Brower, E / 1993 / Employment Growth and Innovation at the Firm Level. An Empirical Study / Journal of Evolutionary Economics 3 (2) : 153 ~
Dawson, J. W / 1998 / Institutions, Investment, and Growth: New Cross- Country and Panel Data Evidence / Economic Inquiry 36 (4) : 603 ~
Dawson, J. W / 2006 / Regulation, Investment, and Growth: Across Countries / Cato Journal 26 (3) : 489 ~ 509
Arellano, M / 1991 / Some Tests of Specification for Panel Data: Monte Carlo Evidence and Application to Employment Equations / Review of Economic Studies 58 (2) : 277 ~
Brower, E / 1993 / Employment Growth and Innovation at the Firm Level. An Empirical Study / Journal of Evolutionary Economics 3 (2) : 153 ~
Dawson, J. W / 1998 / Institutions, Investment, and Growth: New Cross- Country and Panel Data Evidence / Economic Inquiry 36 (4) : 603 ~
Dawson, J. W / 2006 / Regulation, Investment, and Growth: Across Countries / Cato Journal 26 (3) : 489 ~ 509
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