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http://dx.doi.org/10.22669/krsa.2020.36.3.029

The Impact of Regional Economic Growth on Intraregional Disparities in Korea  

Lee, Ju-Han (부산대학교 도시공학과)
Kim, Donghyun (부산대학교 도시공학과)
Publication Information
Journal of the Korean Regional Science Association / v.36, no.3, 2020 , pp. 29-40 More about this Journal
Abstract
The aims of this study to identify the relationship between regional economic growth and intraregional regional disparities. The 16 metropolitan area, the Capital region and the southeastern region of Korea were put in the spatial scope and the time range from 2005 to 2016. Regional gross domestic product data were used to show regional growth and intraregional disparity. Panel data for each spatial unit were established, panel unit root test and panel cointegration test were conducted to check the stability of the data. The DOLS method was used to identify relationship between regional economic growth and intraregional disparity, and the VECM model and Granger causality test was conducted to verify causality. The result of analysis of 16 metropolitan area units showed that the intraregional disparity increases as regional economic growth progresses. When the regional gross domestic product increased by 1%, the intraregional disparity increased by 1.258%, and there are short-term and long-term causality. Both the Capital region and the southeastern region had a mutual relationship between regional economic growth and intraregional disparity, but the disparity in the Capital region showed an increase and the southeastern region showed a decrease. The results of this study show that the regional disparity is increasing nationwide, but the Capital region and the southeastern region showed different stages of growth.
Keywords
regional economic growth; regional disparity; DOLS; causality test;
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