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Youngil Lim - Technology and Productivity: The Korean Way of Learning and Catching Up

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In this book Youngil Lim explores the process by which the poverty-stricken agrarian economy of South Korea was transformed over the past three decades into a semi-industrial urban economy. The chief questions Lim addresses are: Where did South Koreas technological knowledge come from? What did the government and market do to nurture such rapid learning? Will a continuation of current policy enable South Korea to catch up with other OECD countries? What is the appropriate role of the National Research and Development Program within the framework of the National System of Innovation?Because they defy quantitative measurement, institutional and organizational skills are often neglected in mainstream economic analyses. Lim shows how institutional and organizational skills help to explain the fast pace of learning and of upgrading technological capability and productivity. After discussing neoclassical views of the South Korean experience as well as the views of economists emphasizing institutional aspects of industrialization, Lim offers his own synthesis and speculates on South Koreas technological future.

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title Technology and Productivity The Korean Way of Learning and - photo 1

title:Technology and Productivity : The Korean Way of Learning and Catching Up
author:Lim, Youngil.
publisher:MIT Press
isbn10 | asin:0262122219
print isbn13:9780262122214
ebook isbn13:9780585173825
language:English
subjectIndustrial productivity--Korea (South) , Industrial policy--Korea (South) , Technology--Korea (South) , Technology and state--Korea (South) , Human capital--Korea (South) , Business enterprises--Korea (South) , Industrial organization--Korea (South) , Fre
publication date:1999
lcc:HC470.I52L56 1999eb
ddc:338.95195
subject:Industrial productivity--Korea (South) , Industrial policy--Korea (South) , Technology--Korea (South) , Technology and state--Korea (South) , Human capital--Korea (South) , Business enterprises--Korea (South) , Industrial organization--Korea (South) , Fre
Page iii
Technology and Productivity
The Korean Way of Learning and Catching Up
Youngil Lim
Page iv 1999 Massachusetts Institute of Technology All rights reserved - photo 2
Page iv
1999 Massachusetts Institute of Technology
All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher.
This book was set in Palatino on the Miles System by Achorn Graphic Services, Inc.
Printed and bound in the United States of America.
Library of Congress Cataloging-in-Publication Data
Lim, Youngil.
Technology and productivity: the Korean way of learning and catching up /
Youngil Lim.
p. cm.
Includes bibliographical references and index.
ISBN 0-262-12221-9 (alk. paper)
1. Industrial productivityKorea (South) 2. Industrial policyKorea
(South) 3. TechnologyKorea (South) 4. Technology and stateKorea (South)
5. Human capitalKorea (South) 6. Business enterprisesKorea (South)
7. Industrial organizationKorea (South) 8. Free enterpriseKorea (South)
I. Title.
HC470.I52 L56 1999
338.95195dc21 99-28634
CIP
Page v
to Helen
Page vii
Contents
Figures
ix
Tables
xi
Boxed Articles
xv
Acknowledgments
xvii
Acronyms
xix
1
Introduction
1
Picture 3
1.1 Purpose of the Study and Issues Raised
2
Picture 4
1.2 Conceptual Framework
4
Picture 5
1.3 Structure of the Book
5
2
Indicators of Technological Capability and Productivity Growth
15
Picture 6
2.1 Growth of Capital-Labor Ratio and Labor Productivity
15
Picture 7
2.2 Growth of Total Factor Productivity
20
Picture 8
2.3 Accumulation of R&D Capital Assets and Technological Spillover Effects
28
Picture 9
2.4 Human Capital and Returns to Investment in Education
40
Picture 10
2.5 Concluding Remarks
44
3
Human Capital Accumulation and the Role of Universities
47
Picture 11
3.1 Human Capital Accumulation: A Building Block for Industrialization
47
Picture 12
3.2 Education-Productivity Nexus: Issues and Evidence
55
Picture 13
3.3 Universities and Human Capital Accumulation
61
Picture 14
3.4 University-Industry Complementarity and Cooperation Programs
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