Abstract
It expected that the contribution of exports to job creation would decrease in Korea with the decline in the domestic investment of large companies and the increase in outsourcing overseas. Amidst this background, this study attempts to examine relationships between export and employment in Korea using input-output analysis using data as far back as the 1990s. Results show that most of the job creation is derived from the services sector rather than from manufacturing. Moreover, those items which account for a large share of Korea's exports like petroleum, non-metallic products, industrial machinery, computers and electronic equipment did not contribute much to job creation as expected. In addition, considering the number of workers induced by final demand, the number of workers induced by export have declined much more than consumption and investment. These results imply that consumption is a better driver for job creation, because employment induced by consumption is higher than exports of manufactured products. Thus, policy direction point towards further growth in the services sector.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
