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Population aging, silver dividend, and economic growth
Park, Donghyun; Shin, Kwanho - 2023
lower total factor productivity growth is the main mechanism through which population aging harms economic growth. Labor … shortage caused by population aging is mostly offset by higher labor force participation rates of males, females, and older … workers. In particular, the labor force participation rate of the older people increases the most. …
Persistent link: https://www.econbiz.de/10014227869
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Drivers of Developing Asia's Growth: Past and Future
Park, Donghyun; Park, Jungsoo - 2010
estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …
Persistent link: https://www.econbiz.de/10011432686
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The landscape of economic growth : do middle-income countries differ?
Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2017
We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in low- and middle-income countries, but appears to...
Persistent link: https://www.econbiz.de/10011703225
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Drivers of developing Asia's growth : past and future
Park, Donghyun; Park, Jungsoo - 2010
estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …
Persistent link: https://www.econbiz.de/10008826310
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Productivity growth across the world, 1991 - 2003
Kim, Sangho; Park, Donghyun; Park, Jong-Ho - 2010
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10008658803
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The Service Sector in Asia : Is It an Engine of Growth?
Park, Donghyun - 2013
, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor …
Persistent link: https://www.econbiz.de/10013088853
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Productivity Growth Across the World, 1991-2003
Kim, Sangho - 2010
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10013138571
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Productivity Growth Across the World, 1991-2003
Kim, Sangho - 2010
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10013137876
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Performance of the Service Sector in the Republic of Korea: An Empirical Investigation
Park, Donghyun; Shin, Kwanho - 2012
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...
Persistent link: https://www.econbiz.de/10010507363
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The Service Sector in Asia: Is It an Engine of Growth?
Park, Donghyun; Shin, Kwanho - 2012
, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor …
Persistent link: https://www.econbiz.de/10010507372