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 1999/07
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 Finance, Production Efficiency, and Growth: Evidence from the Korean Manufacturing Industries
執筆形態 コレスポンディング
掲載誌名 Seould Journal of Economics
巻・号・頁 12(2),pp.127-141
著者・共著者 J. Koo
概要 Numerous studies focus on the development of financial market as a driving force in economic growth. We find that the provision of sufficient financial services enhances the production efficiency, and thereby promoting economic growth. Applying a stochastic frontier production function approach to the panel data from Korean regional manufacturing industry, we show that an increase in financial services is associated with the reduction in technical inefficiency. It suggests that the mature financial market works as a lubricant in production and that the supply of financial services is essential to economic growth..