Chapter

Liberalization of Trade in Services and Productivity Growth in Korea

Jong-Il Kim and June-Dong Kim

in Trade in Services in the Asia-Pacific Region

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226386775
Published online February 2013 | e-ISBN: 9780226386782 | DOI: http://dx.doi.org/10.7208/chicago/9780226386782.003.0007
Liberalization of Trade in Services and Productivity Growth in Korea

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This chapter investigates the changes in productivity growth rates of Korean service and manufacturing subsectors in relation to the liberalization of trade in services. It describes the case of the distribution services sector which was liberalized in the 1990s and provides a tabulation of the trends of labor and total factor productivity that shows changes in productivity in the service and manufacturing subsectors. The findings reveal that the relation between trade liberalization and productivity increase in the service subsector is weak, partly because full effects of the liberalization have not yet materialized.

Keywords: productivity growth; services industry; manufacturing subsectors; trade liberalization; Korea; distribution services; labor productivity; total factor productivity

Chapter.  9173 words.  Illustrated.

Subjects: Business and Management

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