• IE interfaces
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• 제21권3호
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• pp.312-321
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• 2008

The productivity increase by technological advance is the biggest driving force of economic growth. In this paper, we investigate the inputs and outputs of the manufacturing and service industries in Korea. We also estimate the total and partial factor productivities of both industries using the Solow model and the Kendrick model. Finally, we analyze the contribution of each input factor to industrial growth.

• Journal of Korea Port Economic Association
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• 제24권4호
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• pp.47-70
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• 2008

The purpose of this study is to estimate total factor productivity(TFP) growth by stochastic frontier function and to grasp contributing factors of its growth rate by decomposing the total factor productivity into efficiency change, technical progress, scale change, and allocation change. Annual growth rate of total factor productivity for 1990-2003 is 0.019 (1.9%), higher than that of overall industry (0.010). The main component of TFP growth is not efficiency change but technical progress. Contributing factors of total factor productivity growth are change of allocation efficiency in port industry, technical progress in sea-transportation industry, and change of scale efficiency in transportation-equipment industry. The change of total factor productivity shows a decreasing trend since late in the 1990s. The annual technical efficiency of port-logistics industry is less than that of overall industry. Capital elasticity for output (0.391) is higher than labor elasticity (0.227), but scale economy of port-logistics industry is 0.618, which is far from optimal scale economy.

• International Commerce and Information Review
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• 제12권4호
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• pp.67-109
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• 2010

The theory of creative class has shown that the creative people are the key factor of success in regional economic growth. The creative people strengthen the economic competitiveness which is crucial to attract, cultivate and mobilize the resources of that region. In order to examine the theory of creative class for regional economic growth and firm productivity in Korea, this study uses the panel data of 492 Korean firms of the industrial complex producing electic and electronic manufactured goods. They are grouped into 10 industrial complexes among 16 metropolitan areas. Our findings demonstrate that creative class and 3Ts are related to the ratio of creative population density and the regional economic growth. Specifically the creative core class is of more significance to the regional economic growth than the creative professional class or the creative artist class. In our findings the panel analysis of random effects model shows that the talent index of 3Ts as well as the regional climates arc related to the individual firm's total factor productivity. This also reflects a conglomeration of the other regional climates statistically. On the other hand, the research and development expenditure of individual firms shows positive influence for each second consecutive year for the total factor productivity. Sales volume also contributes to the total factor productivity. In conclusion, we recommend that it is important to upgrade the level of creative climates by attracting the creative minds and R&D investment of the enterprises for regional economic growth and firm's total factor productivity.

• Journal of the Korean Society for Aviation and Aeronautics
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• 제15권4호
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• pp.131-141
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• 2007

This paper identifies the productivity in the Global Air Transport Industry for the period of 1995-2001 by testing the Total Factor Productivity with tonqvist method. Based on panel data from 20 major international airline corporations which formed global strategic alliances, we find alliances make a considerably significant contribution to productivity increases. We also find that total factor productivity rate changed surprisingly in Air Transport Industry between pre- and post-Asian financial crisis period.

• Journal of Fisheries and Marine Sciences Education
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• 제28권1호
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• pp.186-197
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• 2016

This study applied the parametric bootstrapping method to analyze whether there was a change in the production efficiency of institutions under Ministry of Oceans and Fisheries. This study used input and output oriented productivity simultaneously. In particular, the productivity was estimated through 95% confidence interval derived by 2000 times re-sampling process. The results of the study showed us a reduction in overall total factor productivity by 24% between 2009 and 2013, and 7% of decreases in productivity annually. A recent conditions of an external economic shocks brought a 28% downward shift of production function. In this study, public institutions were divided into three types, which were public, quasi-government, and other public institutions. There were approximately 13%, 1%, and 5% decreases in total factor productivity per each. In analyzing the productivity each of 14 institutions, approximately DMU4 and DMU6 had 4%, and 5% increases in productivity per each. While DMU14 showed us no changes in productivity, all of the other 10 DMUs were estimated the decreases in productivities.

• Proceedings of the Korean Institute of Building Construction Conference
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• 한국건축시공학회 2008년도 춘계 학술논문 발표대회
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• pp.133-139
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• 2008

Productivity is an important factor of the construction's success and growth. However, compared to the other industries, the study of productivity in the construction industry is still insufficient. Even though the Cast-in-Place piles work is also important in construction process, the research on the productivity is not enough. So, it is necessary for the systematic research on the productivity of Cast-In-Place Piles Work. Therefore, the purpose of the study is to classify lower productivity's cause and find a way to improve these situations. This study will give the checklist for the further study of factoring and improvement of the Cast-in-Place piles work productivity.

• International conference on construction engineering and project management
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• The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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• pp.58-65
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• 2011

Construction Productivity is one of the most important elements in construction management. It is used in construction process scheduling and cost management, which are significant sector in construction management. It is important to make appropriate schedule and monitor how works are done within schedule. But construction project contains uncertainty and inexactitude, modifying construction schedule is being an issue to manage construction works well. Even though prediction and monitoring of productivity can be principal activity, it is hard to predict productivity with manager's experience and a standard of estimate. A large number of factors influencing productivity, such as drawing, construction method, weather, labor, material, equipment, etc. But current calculation of productivity depends on empirical probability, not consider difference of each influencing factor. In this research, the aim is to present a productivity predicting regression model of form work, which includes effectiveness of influences factors. 5 variables existed inside form work are selected by interview and site research based on literature review of existed various productivity influencing factors. The effectiveness and correlation of productivity influencing factors are analyzed by statistical approach, and it is used to make productivity regression model. The finding of this research will improves monitoring and controlling of project schedule in construction phase.

• KDI Journal of Economic Policy
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• 제39권4호
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• pp.25-50
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• 2017

Whereas a large variety of previous studies show mixed results regarding the relationship between public investment and economic outcome, several studies have been conducted on related issues in Korea. The present study deals with the effect of public investment in Korea on economic growth and productivity. Using administrative data, it exploits three different methodologies: the total factor productivity approach, production function approach, and stochastic frontier production function approach. The results of this study show that public investment has a statistically significant effect on economic growth. However, it contributes little to enhance productivity. It is explained that there exists inefficiency of production in the Korean economy. These findings indicate that public investment has played a central role in the direct input factor and not in indirect role in Korea. Thus, it is necessary for public investment policies to concentrate on enhancing the efficiency of the Korean economy.

• Asian Journal of Innovation and Policy
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• 제3권1호
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• pp.72-93
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• 2014

This study analyzed the factors that influence the research productivity of 236 graduate students who are funded by the Global Ph.D. Fellowship Program of the National Research Foundation of Korea. Research productivity was measured by the number of SCI publications, and the explanatory factors are the demographic factor, the financial factor, the reputation of institutions and the supervisor factor. This study included 2 indices such as the reputation of institutions and the research productivity of supervisors to check the halo effect unlike other studies. Results are as follows: 1) no gender difference, 2) better performance by younger age group, 3) no difference even if the students are additionally funded by other research support programs, 4) no halo effect by the reputation of institution but rather better performance from low ranked universities, 5) and a positive halo effect by supervisors.

• Journal of the Korea Academia-Industrial cooperation Society
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• 제12권1호
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• pp.125-137
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• 2011

This study aims to know whether the Accreditation of Hospitals can help to improve productivity of hospital and affect the conversion factor. Based on the Malmquist productivity Index, the productivity of accredited hospital improves. There exists an tendency that as the scores of Accreditation rises, productivity increases. Also the higher the productivity, the lower the conversion factors in the rigid statistical evidence. This evidence is independent of hospital classification, geographical distribution, grouping. This evidence supports the productivity index can be included in the fee negotiations. It also means that rather than static efficiency, the multi-year change of productivity information can be usefully combined to set a conversion factor in Korean National Insurance Contract especially in the discussion of the structural change of payment system.