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There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
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Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this …, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor … productivity grew at a healthy pace in much of the region. Overall our analysis provides substantial cause for optimism about the …
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