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 2014/04
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 Estimating Productivity Growth in the Korean Economy without Restrictive Assumptions
執筆形態 単著
掲載誌名 Contemporary Economic Policy
巻・号・頁 32(2),pp.520-532
概要 This study eliminates the effects of markup, returns to scale, and capital utilization from the Solow residual (SR) for Korea to derive an alternative measure for productivity.
Empirical results show that markup generates significant bias in the SR, and that the alternative productivity measure is greater than the residual. Furthermore,
money supply Granger-causes the SRs but does not Granger-cause the alternative measure, suggesting that the new productivity measure is consistent with the neutrality
of money. The results contradict the presumption that the SR with variable capital utilization represents true technology shocks because it is orthogonal to demand
shocks.
Note: A final proof for print was submitted, but actual publication date is not set. To register here, I just put it as 03/01/2014.
DOI 10.1111/coep.12046
ISSN 1074-3529