This paper applies a stochastic frontier production model to the data from Penn World Table's 49 countries over the period 1965 to 1990, to decompose total factor productivity growth into technical change and technical efficiency change. Empirical results show East Asian countries led the world...

The commitment of the government in promoting and encouraging the welfare of cocoa farmers makes cocoa policies critical in Ghana. Having dropped below global production levels, however, technical efficiency in Ghana has continued to decline over the years. This study aims to analyse the extent...

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from the Republic of Korea, a classic example of successful export-oriented industrialization. While a large and growing...

This paper applies a stochastic frontier production model to Korean manufacturing industries, to decompose the sources of total factor productivity (TFP) growth into technical progress, changes in technical efficiency, changes in allocative efficiency, and scale effects. Empirical results based...

type="main" xml:lang="en" <p>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...</p>

"This study estimates an aggregate production function of manufacturing industry using panel data of 11 Korean regions covering 1977-1992. While the previous studies regard infrastructure as a direct input for production, the present study proposes that infrastructure has an effect on actual...

This study estimated translog stochastic frontier production functions using an unbalanced panel of Korean manufacturing firms in the food, textile, paper, chemical, basic-metal, and fabrication sectors. The sectors were estimated individually to investigate whether technical efficiency is...

This study analyzes the determinants of cinema demand in Korea for 1963 to 2004. The study specifies a time series-based simultaneous-equations model and considers some variables that have not been included in other studies of cinema demand at the national level. The estimation results indicate...

This study investigates the relationship between trade and economic growth in Korea during 1980-2003. We find Granger causality from imports to Total Factor Productivity (TFP) growth, and the absence of any causal relation between exports and TFP. We then, empirically examine the impact of...