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Metro Cities' and Provinces' Total Factor Productivity and its Determinants in Korea

Youngsung Lee 1

1서울대학교

Accredited

ABSTRACT

Although metro cities' and provinces' total factor productivity (T.F.P) shows fundamental ability in using resources, few research measured it in Korea. After measuring T.F.P. of metro cities and provinces, this research found recent trends and factors affecting it. First, the correlation between GRDP and production factor input was very low, which means resource was inputted too much to the region whose productivity was low. Second, T.F.P. of non-capital areas has been higher than capital areas since 1996, which is in contrast to the usual expectation. Third, disparity of T.F.P. has continuously widened. Fourth, T.F.P of Kyungbuk, Chungnam, and Chungbuk has improved most rapidly. Taegu is the opposite. Fourth, among factors affecting T.F.P., corporates' scale economy was found the most important. These results may imply that we should re-think about future directions and rationale of urban and regional policy.

Citation status

* References for papers published after 2022 are currently being built.