Choi, Woo Jin; Roh, Woo Jin - In: KDI-journal of economic policy 45 (2023) 1, pp. 1-32
Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue … that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and … service sector. This could represent a widening misallocation of capital. Furthermore, a panel regression shows that within …