Chin Hee Hahn
Korea Development Institute
POB 113, Cheongnyang
Seoul 130-012, KOREA
NBER Working Papers and Publications
|August 2005||Exporting and Performance of Plants: Evidence on Korea |
in International Trade in East Asia, NBER-East Asia Seminar on Economics, Volume 14, Takatoshi Ito and Andrew K. Rose, editors
|June 2004||Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea: Evidence from Microdata|
with Youngjae Lim
in Growth and Productivity in East Asia, NBER-East Asia Seminar on Economics, Volume 13, Takatoshi Ito and Andrew K. Rose, editors
|January 2004||Exporting and Performance of Plants: Evidence from Korean Manufacturing|
This study examines the relationship between exporting and various performance measures including total factor productivity, using the annual plant-level panel data on Korean manufacturing sector during the period of 1990 to 1998. The two key questions examined are whether exporting improves productivity (learning) and/or whether more productive plants export (self-selection). This study provides evidence supporting both self-selection and learning-by-exporting effects, with both effects being more pronounced at around the time of entry into and exit from the export market. Thus, positive and robust cross-sectional correlation between exporting and total factor productivity is accounted for by both selection and learning effects. These results are in contrast with Aw, Chung, and Roberts (2...
|July 2003||Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea|
with Youngjae Lim: w9810
Using the firm level panel data, obtained from the period between during , this study shows that the failing firms, accepted in the court-administered rehabilitation procedures after the post-crisis bankruptcy reform in Korea, had experienced less persistent problems in the pre-bankruptcy Total-Factor-Productivity (TFP) performances than those before the reform. The most crucial element of the post-crisis reform in the post-crisis court-administered bankruptcy system is the implementation of an economic efficiency criterion, whereas the pre-reform system benefited failing firms deemed as having high social value and prospects for rehabilitation. The new system removes the possibilities for interested parties to oppose the exit of the firms without economic values. Then, to get an idea of h...