From Firm-Level Imports to Aggregate Productivity Evidence from Korean Manufacturing Firms Data

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....

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Bibliographic Details
Main Author: Ahn, JaeBin
Other Authors: Jung Choi, Moon
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a From Firm-Level Imports to Aggregate Productivity  |b Evidence from Korean Manufacturing Firms Data  |c JaeBin Ahn, Moon Jung Choi 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 32 pages 
651 4 |a Korea, Republic of 
653 |a Labour 
653 |a Productivity 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Total factor productivity 
653 |a Labor 
653 |a Macroeconomics: Production 
653 |a International trade 
653 |a Labor Economics: General 
653 |a Macroeconomics 
653 |a Capacity 
653 |a Imports 
653 |a Income economics 
653 |a Production and Operations Management 
653 |a Labor economics 
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520 |a 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