财新传媒

韩国财阀和企业变化的动力学

来源于 《比较》 2020年第1期 出版日期 2020年02月01日
文丨菲利普·阿吉翁 谢尔盖·古里耶夫 赵康哲

六、结论

  本文分析了1997—1998年亚洲金融危机前后韩国企业的动态变化,以及通过削弱财阀主导地位来推动市场竞争的改革。我们发现,在危机前由财阀主导的行业中,改革后非财阀企业的劳动生产率和全要素生产率显著提高。此外,尽管财阀和非财阀企业的劳动生产率都有所提高,并且程度相似,但在以前由财阀主导的行业中,非财阀企业在危机后的全要素生产率增幅更大。

  此外,我们发现,改革后所有行业中的非财阀企业进入数量都有显著增加。最后,危机过后,非财阀企业也大幅增加了它们的专利活动。这些结果符合新熊彼特理论的观点,即随着危机削弱了财阀的力量,经济增长将从投资驱动型更多地转向创新驱动型。

  (对外经济贸易大学金融学院 赵心茹 译)

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