表題番号：2008B-269
日付：2009/03/25
研究課題グローバル化する日本経済の脱工業化とサービス貿易
| 研究者所属（当時） | 資格 | 氏名 | |
|---|---|---|---|
| （代表者） | 国際教養学術院 | 教授 | バク サンジュン |
- 研究成果概要
- 1. Unbalanced capital-labor ratio among sectors and economic growth
As deindustrialization proceeds in advanced countries, labor shifts from the manufacturing sector to the service sector faster than physical capital. As a result, the capital-labor ratio of the service sector becomes relatively lower than that of the manufacturing sector. This paper investigates whether this unbalanced capital-labor ratio among sectors have some impacts on economic growth. Since sectoral investment data are not avaiable in general, the data were computed based on a multi-sector neo classical growth model. The empirical analysis using the WDI and Penn-world data for the period from 1980 to 2004 shows over-investment in a sector has negative influence on economic growth, implying that countires in which labor is moving to the service sector but capital investment does not follow will have sluguish economic growth.
2. The service sector in the ROK: A comparison of trends and labor productivity with selected OECD countries
This paper computes the labor productivity of five OECD countries (South Korea, Japan, Germany, UK, US) for the period from 1980 to 2003 using OECDSTAN indcators database (2005) and compares them. Especially by comparing the service sector productivity of South Korea (ROK) with those of Japan and other advanced countries, this paper aims to obtain policy implication regarding the service sector development. The computed productivity shows that South Korea and Japan follows very similar trend in which some service sectors are absorbing workers from some downsizing manufacturing sectors due to deindustrialization and thus suffer from low labor productivity. This problem chanllanges the two countries. One imprtant task of the Korean and the Japanese economy is to develop industries which will efficiently producing services and thus which will absorb workers from low-productive service sectors.