From Firm-Level Imports to Aggregate Productivity
Author | : Mr.JaeBin Ahn |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2016-09-06 |
ISBN-10 | : 9781475533095 |
ISBN-13 | : 1475533098 |
Rating | : 4/5 (098 Downloads) |
Download or read book From Firm-Level Imports to Aggregate Productivity written by Mr.JaeBin Ahn and published by International Monetary Fund. This book was released on 2016-09-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.