- 영문명
- Technical Efficiency and Employment Elasticity in Korea’s Manufacturing Industry
- 발행기관
- 한국무역연구원
- 저자명
- 권선희(Sun-Hee Kwon) 유재원(Jai-Won Ryou) 김원중(Won-Joong Kim)
- 간행물 정보
- 『무역연구』제18권 제2호, 229~247쪽, 전체 19쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2022.04.30

국문 초록
영문 초록
Purpose This paper analyzes how wages, capital stock, exports, imports, overseas direct invesments (ODI) as well as technical efficiency affect employment elasticity in Korea’s manufacturing industry. Design/Methodology/Approach To analyze determinants of employment elasticity in the manufacturing sector, we measure technical efficiency by using the stochastic production frontier model. Using panel data consisting of 40 manufacturing industries drawn from the Industrial Statistical Analysis System (ISTANS), we clarify what negatively affected employment elasticity during the period between 2005 and 2019. Findings Our empirical analysis shows that ODI and capital have statistically significant and positive effects on employment elasticity while wage and imports have statistically significant and negative effects. Moreover, employment elasticity increases as technical efficiency improves. Our study implies that the establishment of a global network through overseas direct investment contributes to increasing domestic employment. Also, capital appears to have a complementary relationship with employment so that investment is important to increasing employment. Research Implications In the case of manufacturing industries with a comparative disadvantage, it is necessary to promote industrial restructuring to increase technical efficiency and promote the relocation of labor.
목차
Ⅰ. 서론
Ⅱ. 문헌검토
Ⅲ. 모형설정과 자료
Ⅲ. 자료 및 기초통계량
Ⅳ. 고용도 및 고용탄력도의 결정요인 분석
Ⅴ. 결론
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