Service Matters: Capital Misallocation and Sectoral Economic Growth
Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and sectoral level data, first we assess the rising dispersion of the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2023-02-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://kdijep.org/v.45/1/1/Service+Matters+Capital+Misallocation+and+Sectoral+Economic+Growth%E2%80%A0 |