韩国央行：2025年特定行业的分配效率和生产力报告（英文版）

The sluggish growth of the Korean economy’s total factor productivity (TFP) is closely related not only to the slowdown in technological advancement but also to the rising allocative inefficiency. Allocative efficiency refers to the extent to which resources are distributed in proportion to firm productivity, as a key factor in boosting economic growth even under the same level of technology and total factor inputs. 2. An estimation of the extent of factor misallocation among domestic firms,