キム サンホ   KIM Sangho
  金 相鎬
   所属   立命館アジア太平洋大学  国際経営学部
   職種   教授
言語種別 英語
発行・発表の年月 2013/04
形態種別 論文(学術誌・プロフェショナル誌)
査読 査読あり
標題 Does productivity growth lower inflation in Korea?
執筆形態 第一著書
掲載誌名 Applied Economics
巻・号・頁 45(16),pp.2183-2190
著者・共著者 Hyunjoon Lim and Donghyun Park
概要 We investigate Granger causality between productivity growth and inflation in Korea
using quarterly data for the period 1985Q1–2002Q4. Our results indicate unidirectional
Granger causality from productivity growth to inflation. In light of such causality, we
estimate the effect of productivity and other variables on productivity. According to our
regression results, a 1% increase in labour and Total Factor Productivity (TFP) reduces
Consumer Price Index (CPI) inflation by 0.07–0.08% and 0.37–0.44%, respectively. Our
results also suggest that the productivity-inflation nexus became stronger in Korea since
the Asian financial crisis, and that this was largely due to structural reform and
technological progress.
Note: SSCI
DOI 10.1080/00036846.2012.657352
ISSN 0003-6846