External Finance and Productivity Growth in Korea:Firm Level Evidence Before and After the Financial Crisis

External Finance and Productivity Growth in Korea:Firm Level Evidence Before and After the Financial Crisis

This paper empirically investigates the finance-growth linkage in Korea by utilizing firm-level data of manufacturing industries before and after the 1997 financial crisis. We find that, first, an increase in external finance is associated with a faster subsequent capital accumulation of firms. Howe...

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Bibliographic Details
Main Authors: Ahn, Sang hoon, Hahm, Joon-Ho, Kim, Joon-Kyung
Format: Article
Language:English
Published: Korea Development Institute 2008-12-01
Series:KDI Journal of Economic Policy
Subjects:
External Finance(외부금융)
Firm Level Growth(기업성장)
Total Factor Productivity(총요소생산성)
Capital Accumulation(자본축적)
Online Access:https://doi.org/10.23895/kdijep.2008.30.2.27

Internet

https://doi.org/10.23895/kdijep.2008.30.2.27

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