Comparative Analysis of the Total Factor Productivity of Manufacturing in Northeast Asian Metropolitan Areas

We compare and analyze the total factor productivity of the manufacturing industries in the major metropolitan areas of South Korea, China, and Japan. This study can contribute to the economic cooperation among these countries by analyzing their productivity growth and evaluating their relative competitiveness. Statistical data from manufacturing industries are used to analyze five metropolitan areas. The manufacturing industries are classified into 10 sectors, and two different time periods (before and after 1997, when the foreign currency crisis began in Korea) are examined. The results in terms of the development and competitiveness of the manufacturing industries in Korea, China, and Japan will be useful in establishing promotional strategies.