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20.500.12592/gprcmr

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4 Jul 2023

In the ROK and the ROC, the shares of value added in manufacturing decreased from the mid-1980s to the mid-1990s. [...] The recent patterns of decrease in the value-added shares of manufacturing in these three countries form a contrast to the increasing shares in the ROK and the ROC. [...] In the case of the ROK, the growth rate of labor productivity in the manufacturing sector accelerated even after the ROK’s transition to UMIC. [...] In the cases of the ROK and the ROC, HIGH-INCOME PATHWAYS FOR UMICS | 25 COMPARATIVE GROWTH AND STRUCTURAL TRANSFORMATION OF UMICs the rapid increase in labor productivity in the manufacturing sector was accompanied by the productivity increase of other sectors, including agriculture. [...] The labor productivity of each group is calculated as the ratio of the sum of value added of the group’s countries to the sum of employees.
Pages
74
Published in
Japan

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