Using the Malmquist productivity index, this paper compares the productivity of Korean manufacturing industries from 1999 to 2006. The malmquist productivity index has more advantages than previous methods such as solow model, endogenous growth theory. The malmquist productivity index can be decomposed productivity into two parts. The first part is an index of the technical efficiency change. This index has high value when the elements of production is used more efficiently. The second part is an index of technical change. This index has high value if the advent of new technology and process innovation occur.

Abstract
 1. 서론
  1.1 연구의 배경 및 목적
  1.2 연구의 방법
 2. 이론적 배경
  2.1 효율성과 생산성
  2.2 Malmquist 생산성지수
 3. 실증분석
  3.1 자료
  3.2 추정결과
 4. 결론
 5. 참고문헌

• 정경희 | Kyung-Hee Jung
• 조재립 | Jai-Rip Cho