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http://dx.doi.org/10.5804/LHIJ.2020.11.1.079

The study on estimating the coefficients of factors affecting business closure and exploring their geographic variations: The case of Chungnam Province  

Lee, Gyeong Ju (한국교통대학교 건설환경도시교통공학부)
Im, Jun Hong (충남연구원 지역도시문화연구실)
Publication Information
Land and Housing Review / v.11, no.1, 2020 , pp. 79-86 More about this Journal
Abstract
The number of business closure is one of key indicators diagnosing the status of local economy. The increases in closure are attributed to various endogenous/exogenous factors such as decreases in sales of stores, decline of local market, deterioration of global financial condition, but it is not trivial task to figure out the cause and effect mechanism among variables. The effects of those factors are expected to show geographical variations, which the empirical analysis results in this study presented. As such, the objective of this study is to estimate the effects of variables on increase in the number of business closure and examine the distributional properties of the geographic variations of the effects among spatial units of analysis. To this end, GWR (Geographically Weighted Regression) model was utilized to draw empirical analysis outcomes. It is expected that the outcomes of the sort in this research may be useful in aiding decision-making process of drafting locality-specific policies and/or deciding where to prioritize the limited public resources available.
Keywords
Geographically Weighted Regression; Business closure; long-term negligence construction;
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