The Hidden Engine of Growth: Labor Scarcity and the Rise of the Manufacturing Sector

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: S. Youn Baek(백승연)
• 간행물 정보: 『한국재정학회 학술대회 논문집』2018년도 춘계학술대회 논문집, 1~25쪽, 전체 25쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2018.03.30

국문 초록

From the early twentieth century to mid-twentieth century, the Empire of Japan expanded its territory along the East and Southeast Asia. The Imperial Japan military forces heavily drafted its domestic Japanese young males after engaging in the Second Sino-Japanese War. In response to the growing need for compensating labor shortage, the Empire of Japan mobilized and conscripted Koreans into mines and manufacturing firms in Japan and its colonial outposts. The recruitment of Korean labor force as workers or armed forces reduced the prime-age male labor force in South Korea during the late 1940s and the early 1950s. Labor scarcity due to mobilization damaged landowners’ interests that were taking advantage of cheap labor and thus made labor-saving technological change more profitable. By using newly digitized archival dataset on indiviual-level draft data, this study seeks to identify the differential impact of decline in labor force on capital investment in manufacturing sector. Differences-in-difference estimates indicate that capital investment was concentrated in manufacturing sector in districts that experienced more severe mobilization. Labor force mobilization had no effect on investment in retail sector, which is labor-intensive relative to manufacturing sector. There exists a somewhat parallel trend of capital investment in the manufacturing sector before 1940.

목차

1 Introduction

2 Historical Background

3 Theoretical Framwork

4 Data

5 Mechanisms of Mobilization

6 Empirical Strategy

7 Baseline Result

8 Robustness Check

9 Conclusion

10 References

키워드

colonial rule labor scarcity technological change