한․중제조업의 환경조정 생산성성장과 성장회계분석

Environmentally-adjusted Productivity Growth and Growth Accounting Analysis in Korean and Chinese Manufacturing

The purpose of this paper is to grasp main components of economic growth and effect of environmental factor on productivity growth by comparing traditional productivity growth and environmentally -adjusted productivity growth in Korean and Chinese manufacturing based on growth accounting analysis. Growth rate of output ignoring environment in Chinese manufacturing is higher than that in Korea. When considering pollution abatement activity, growth rates of integrated output including environment and environmentally-adjusted productivity in Korean manufacturing are greatly improved, compared with China’s. True growth rates of output and productivity in Korean manufacturing may be significantly underestimated in traditional growth accounting analysis. However, Chinese manufacturing reports higher growth rates of integrated output considering environment as well as traditional output than those of Korean Manufacturing. China shows a growth pattern which depends on physical inputs, but Korea shows a growth pattern which relies on productivity and environmentally-adjusted productivity.