Productivity, Output, and Failure: A Comparison of Taiwanese and Korean Manufacturers
利用台湾和韩国七个制造业的微观面板数据，发现台湾市场集中度更低、企业更替更多、生产率离散度更小，低生产率工厂占比更少，生存与失败企业的生产率差异更小，表明台湾竞争压力更强，而韩国存在阻碍低效企业退出的因素。
We use micro panel data for producers in seven two-digit manufacturing industries in South Korea and Taiwan and identify a number of systematic differences in industry structure between the countries. Our empirical findings indicate Taiwanese industries are characterised by less concentrated market structure, more producer turnover, smaller within-industry productivity dispersion across producers, a smaller percentage of plants operating at low productivity levels, and smaller productivity differentials between surviving and failing producers. These patterns are consistent with strong competitive pressures in Taiwan that lead to market selection based on productivity differences. The patterns in Korea are consistent with the presence of some impediments to exit or entry that insulate inefficient producers from market pressures. Copyright 2003 Royal Economic Society.