Market Performance in an Open Developing Economy: Technical and Allocative Efficiencies of Korean Industries
研究了韩国产业中竞争与政府规制对技术效率的影响，并分析了技术效率与有效保护率对盈利能力的作用。
This paper first examines determinants of technical efficiency in terms of competition and government regulation (including protection) in Korean industries, relying heavily upon the concepts of X-efficiency and rentseeking activities. Allocative efficiency (measured as profitability) is then considered with technical efficiency as a determinant. The outcome of the regression shows that both the sheltering of industries from international competition and the financial market distortions strongly affect technical efficiency, and that technical efficiency as well as effective protection rate are important determinants of profitability.