From Firm-Level Imports to Aggregate Productivity

From Firm-Level Imports to Aggregate Productivity
Author :
Publisher : International Monetary Fund
Total Pages : 32
Release :
ISBN-10 : 9781475533095
ISBN-13 : 1475533098
Rating : 4/5 (098 Downloads)

Book Synopsis From Firm-Level Imports to Aggregate Productivity by : Mr.JaeBin Ahn

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.


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