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http://dx.doi.org/10.5394/KINPR.2013.37.6.627

The Relationship between Economic Growth of Sea Port City and Ocean Industries: Focused on Busan Metropolitan City  

Kang, Yunho (Korea Maritime and Ocean University)
Woo, Yang-Ho (Korea Maritime and Ocean University)
Publication Information
Journal of Navigation and Port Research / v.37, no.6, 2013 , pp. 627-635 More about this Journal
Abstract
This study examines the issue of causality between ocean industries and urban economic growth in the sea port city. To maximize economic advantage of Busan as a sea port city, we first need to analyze the effects of ocean industries on urban economic growth. This study focuses on the examination of the role of ocean industries and its related variations in economic growth at the urban level. Using data from Busan. Metropolitan City in Korea during 1985-2011, we find that the causality link between ocean industries and urban economic growth rates runs in both directions. Especially, industries of shipping/port, marine tourism, and shipbuilding were the most important variables in Busan economy. With this information, the empirical results show that ocean industries and its related variations have significant effects on urban economic growth. Based on these significant research findings, theoretical and practical implications were discussed.
Keywords
urban economic growth; sea port city; ocean industries; variable; Busan Metropolitan City;
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Times Cited By KSCI : 2  (Citation Analysis)
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