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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2011.1
- 수록면
- 59 - 85 (27page)
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It is well known that economic growth and services have a positive association. In particular, the more developed an economy is, the higher the share of the services sector. While most research has focused on service output, this study also examines services as input. Recently, the need for taking services a separate input in the production function has come to the fore. Therefore, the OECD productivity manual generalizes the KLEM model to KLEMS (capital-labor-energy-materials-services) model by including the services as an input. We use KLEMS data in this study. In addition, we augmented the standard production function with other variables such as the inventory to sales ratio, R&D to sales ratio, education expenditure to sales ratio, and the debt to sales ratio. The findings are encouraging and lead us to formulate some important conclusions; for example, after the 1998 Financial Crisis, the Korean economy has increased in efficiency and this is partly due to an increased importance of services as both output and input.
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참고문헌 (29)
참고문헌 신청
Banga, R. / 2004 / Contribution of Services to Output Growth and Productivity in Indian Manufacturing: Pre and Post Reforms
Basu, S. / 1995 / Aggregate Productivity and the Productivity of Aggregates
Basu, S. / 1997 / Returns to Scale in U.S. Production: Estimates and Implications / The Journal of Political Economy 105 (2) : 249 ~ 283
Basu, S. / 2006 / Are Technology Improvements Contractionary / American Economic Review 96 (5) : 1418 ~ 1448
Baumol, W.J. / 1967 / Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis / The American Economic Review 57 (3) : 415 ~ 426
Basu, S. / 1995 / Aggregate Productivity and the Productivity of Aggregates
Basu, S. / 1997 / Returns to Scale in U.S. Production: Estimates and Implications / The Journal of Political Economy 105 (2) : 249 ~ 283
Basu, S. / 2006 / Are Technology Improvements Contractionary / American Economic Review 96 (5) : 1418 ~ 1448
Baumol, W.J. / 1967 / Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis / The American Economic Review 57 (3) : 415 ~ 426
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