농업경제연구

Korean Agricultural Economics Association

제목 Evolving Performance of Food Processing Firms in Korea: Time Variations in Productivity Change Components
저자 Sangjun Lee, Hanho Kim, Donghwan An
발행정보 46권 3호 (2005년 9월) 페이지 73~97
초록 Using firm-level financial statement data, we investigated the performance of Korean food processing industry, especially focusing on the dynamics of productivity changes. Unlike the conventional production function framework, we employed a frontier function approach based on Luenberger's shortage function. The results showed that (i) productivity growth of food processing industry is attributable to technical progress rather than efficiency change; (ii) efficiency has improved after financial crisis in 1997. We also found that there exists significant differences in the pattern of productivity change among firm groups defined by firm characteristics such as SIC code, sales target, size, and ownership.
논문파일 농업경제연구-2005(46권제3호)-04.pdf