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The Impact of Industrial Clusters' Quality on the Production Resilience in the Global Crisis

글로벌 위기에서 산업 클러스터의 품질이 생산 탄력성에 미치는 영향

  • Cho, Young Ju (Department of Industrial Engineering, Yonsei University) ;
  • Lee, Chang-geun (Department of Industrial Engineering, Yonsei University) ;
  • Yoo, Jun-Young (Department of Industrial Engineering, Yonsei University) ;
  • Kim, So-Young (Department of Industrial Engineering, Yonsei University) ;
  • Park, Hee-Jun (Department of Industrial Engineering, Yonsei University)
  • 조영주 (연세대학교 산업공학과) ;
  • 이창근 (연세대학교 산업공학과) ;
  • 유준영 (연세대학교 산업공학과) ;
  • 김소영 (연세대학교 산업공학과) ;
  • 박희준 (연세대학교 산업공학과)
  • Received : 2024.04.29
  • Accepted : 2024.05.21
  • Published : 2024.06.30

Abstract

Purpose: This paper aims to verify the difference in production resilience between local clusters and regions without clusters before and after a major crisis. Furthermore, this paper aims to identify the clusters' quality factors that impact clusters' shock vulnerability and resilience. Methods: Utilizing open-source data from the US Cluster Mapping platform, this paper compares regions with industrial clusters to those without using the Differences-in-Differences (DID) estimator. It considers the regions with industrial clusters as a treatment group and others as the control group, comparing the period before and after the pandemic. Additionally, the paper examines which cluster factors make a difference in economic resilience during the crisis using Regression Discontinuity Design (RDD). Results: The study finds that regions with industrial clusters show higher production resilience compared to regions without clusters. Moreover, the number of establishments, annual payrolls, and employment can have a positive impact on resilience during the pandemic shock. Conclusion: Though clusters could be vulnerable during the global crisis, industrial clusters can contribute to regional economic development and production resilience in the long-term aspect. Thus, it is required to construct a high-quality local cluster and support it during the economic crisis in the long-term aspect.

Keywords

References

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