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The Korean KLEMS Database

The First World KLEMS Conference August 19-20, 2010 Harvard University. The Korean KLEMS Database. Hak K. Pyo (Seoul National University) Hyunbae Chun (Sogang University) Keun Hee Rhee (Korea Productivity Center). Korea KLEMS: History . Industry-level Database in Korea before KIP2007 DB

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The Korean KLEMS Database

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  1. The First World KLEMS Conference August 19-20, 2010 Harvard University TheKorean KLEMS Database Hak K. Pyo (Seoul National University) Hyunbae Chun (Sogang University) Keun Hee Rhee (Korea Productivity Center)

  2. Korea KLEMS: History • Industry-level Database in Korea before KIP2007 DB • KDI (2004; 29 industries) • Pyo et al. (2005; 33 industries) • First KLEMS Database for ICPA(International Comparison of Productivity among Asian Countries) Project

  3. Korea KLEMS: History • Launched by RIETI (33 industries for China, Korea, Japan, Taiwan and the United States, 1980~2000) • Published in Productivity in Asia, edited by Jorgenson, Kuroda and Motohashi, Edward Elgar (2007) • “Growth Accounting and Productivity Analysis by 33 Industrial Sectors in Korea (1984-2002)” by Pyo, Rhee and Ha

  4. Korea KLEMS: History • Korea Industrial Productivity (KIP) Database Project in 2007 • Following EU KLEMS Manual (Timmer et al., 2007) • 72 industries for 1970-2005

  5. KIP Database: Variables Construction • Gross output (GO) • Bank of Korea internal data • Labor Input • Employment, Hours, Compensation • Composition: 18 types = Gender(2) x Age (3) x Education (3) for 15 industries • Intermediate Input • Use U & V tables to divide intermediate inputs into E,M,S

  6. Capital Input

  7. Estimated Initial Capital Stock by Dadkhah and Zahedi(1986) Method and K_EUKLEMS Source: Pyo(2008)

  8. Percentage Difference between Estimated Initial Capital Stock by Dadkhah and Zahedi(1986) Method and K_EUKLEMS Source: Pyo(2008)

  9. Estimated Initial Capital Stock by Kohli (1982) Method and K_EUKLEMS Source: Pyo(2008)

  10. Percentage Difference between Estimated Initial Capital Stock by Kohli(1982) Method and K_EUKLEMS Source: Pyo(2008)

  11. KIP versus K_EUKLEMS

  12. MFP (Gross Output) Whole Economy: Korea, US, Japan, EU10 Notes: 2000=100; 1981-2007 for Korea & 1981-2005 for the other countries

  13. MFP (Value-added) Market Economy: Korea, US, Japan, EU15EX

  14. Contributions to Gross Output Growth

  15. Contributionsto Value-Added Growth in the Market Economy

  16. SectoralComposition of MFP Growth in the Market Economy

  17. World Input-Output Database (WIOD) Project • International collaborative research project based on international Input-Output Tables • Main purpose • Construction of internationally harmonized database • for the data between countries and between industries • about national production structure, international trade, socio-economic issues and environmental issues

  18. Korea’s Participation in WIOD • WIOD’s first annual consortium meeting • Vienna, May 26-28, 2010 • Paper presented: “The Effect of Intangible Investment on Employment in Korea” • Supplied WIOD with available Korean I-O tables from 1995 to current • Korea’s Participation • Plans to take an active role in this kind of international research • Intends to provide Korean data for the construction of DB, following WIOD’s 3 years(2010-2012) schedule

  19. KIP 2010 Plan • KIP 2010 • Updates DB for 72 industries for 1970-2008 • Available in December 2010 • Extends estimation methods for TFP • Gross output and value added growth accountings • TFP analysis for specific sectors • New growth engines and ICT sectors • Intangible investment (following Corrado, Hulten and Sichel’s definition) including R&D • Seoul International Conference on Productivity • October 20, 2010

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