• Title/Summary/Keyword: Regional Economic Effects

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Path Dependence and Regional Development Paths: The Case of Ansan (경로의존성과 지역발전경로: 안산을 사례로)

  • Jeong, Jun-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.9 no.3
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    • pp.410-430
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    • 2006
  • In the process of industrial restructuring at the regional and firm's level induced by significant changes in external economic circumstances, geographic and economic inheritances could be exploited as a constraint and/or asset for firms' strategies. Through a theoretical discussion of this argument, an attempt has been to categorize the effects of inherited regional assets on firms' strategies and regional development and to analyze the firms' strategies located at the city of Ansan. Capitalizing upon this empirical findings, some feasible development paths of Ansan in the future have been proposed and then critically discussed.

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Mitigating the Shocks: Exploring the Role of Economic Structure in the Regional Employment Resilience

  • Kiseok Song;Ilwon Seo
    • Asian Journal of Innovation and Policy
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    • v.12 no.3
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    • pp.323-344
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    • 2023
  • This study investigates the resilient structural characteristics of a region by assessing the impact of the financial crisis. Utilizing panel data at the prefecture level for metropolitan cities across pre-shock (2006-2008), shock (2009), and post-shock (2010-2019) periods, we calculated an employment resilience index by combining the resistance and recovery indices. The panel logit regression measures the influences of the region's industrial structure and external economic factors in response to the global financial crisis. The results revealed that the diversity index of industries contributed to the post-shock recovery bounce-back. Additionally, the presence of large firms and industrial clusters within the region positively contributed to economic resilience. The specialization and the proportion of manufacturing industries showed negative effects, suggesting that regions overly reliant on manufacturing-centered specialization might be vulnerable to external shocks. Furthermore, excessive capital outflows for market expansion were found to have a detrimental impact on regional economic recovery.

The Influence of Innovative Capacity on Regional Economic Performance (지역혁신역량이 지역경제 활성화에 미치는 영향)

  • Huh, Dongsuk
    • Journal of the Korean Geographical Society
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    • v.49 no.6
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    • pp.884-896
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    • 2014
  • This study aims to identify the factors that contribute to the regional innovative capacity and to analyze the effects on the regional economic development including newly-established corporation and job creation. The results are as follows. First, as a result of factor analysis, the 14 variables were grouped into 3 factors, i.e. innovative input, infrastructure, and linkage. Second, the panel models were developed using the above factor scores and economic performance variables such as the number of newly-established corporation and employees. As a result, innovative capacity factors positively contributed to the newlyestablished corporation and job creation. The innovative input was the most influential factor determining the regional economic performance, followed by linkage and infrastructure. This study suggests several policy implications for the reinforcement of innovative capacity and regional competitiveness.

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The Effect of Related and Unrelated Varieties of Industry and Occupation on Regional Economic Growth in Korea (산업 및 직종의 상호연관적 다양성과 비연관적 다양성이 지역의 경제성장에 미치는 영향)

  • Song, Changhyun;Kim, Chanyong;Lim, Up
    • Journal of the Korean Regional Science Association
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    • v.35 no.2
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    • pp.73-86
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    • 2019
  • The purpose of this paper is to empirically analyze the effects of related and unrelated varieties of industry and occupation on regional economic growth. Recent studies dealing with the mechanism of economic growth argue that occupation as well as industry act as the driving force of regional economic growth by inducing knowledge externalities. Therefore, this study comprehensively analyzed the effects of occupational diversity along with industrial diversity. For the empirical analysis, we set the regional labor market areas as the spatial units of analysis. Dependent variables include regional per capita GRDP and employment growth between 2010 and 2015, and related and unrelated variety of industry and occupations measured based on the entropy approach are used as key explanatory variables. Our empirical results show that the related variety of industry has a positive effect on per capita GRDP in the region, and the related variety of occupation has a positive effect on regional employment growth. On the other hand, the unrelated variety of industries shows a negative correlation with regional employment growth. Based on the empirical results, this paper provides regional policy implications for strengthening economic vitality by dividing the diversity of industry and occupation into related and unrelated varieties and analyzing how they affect regional economic growth.

The Regional Economic Growth Strategy Based on the Characteristics of Local Public Finance of Gyeonggi-do (경기도 재정력 변동의 특성에 따른 경제성장 전략 연구 -다양한 지역구분에 따른 실증분석-)

  • Park, Wan Kyu;Ji, Ann Cho;Song, Il Hwan
    • Journal of the Economic Geographical Society of Korea
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    • v.20 no.1
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    • pp.84-104
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    • 2017
  • In this study, we divided Gyeonggi-do into Northern, Southern, Western, and Eastern Parts and found out fiscal variables which affected regional economic growth of each Part differentially. And we drew the strategy for economic growth of each Part. After we found out the variables which affected regional economic growth using fixed-effect model, we carried out causality test to determine whether a specific fiscal variable caused economic growth. In the Eastern Part, local tax revenues had a significant effect on the economic growth. Total expenditures, current expenditure in the Southern Part and social welfare expenditure, expenditure on industries, current expenditure in the Northern Part had noticeable effects on economic growth respectively. And we calculated multipliers of fiscal variables to compare the magnitudes of effects among these Parts.

Effect of Fiscal and Non-fiscal Variables on Regional Economy: The Case of 16 Wide-area Autonomous Communities in Korea (재정변수 및 비재정변수가 지역경제에 미치는 영향: 16개 시도를 중심으로)

  • Park, Wan Kyu;Kim, Du-Su
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.3
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    • pp.554-566
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    • 2014
  • This paper analyses the relationship between regional economic power defined as GRDP per capita and various socioeconomic variables such as fiscal variables(revenue, expenditure, etc.) as well as nonfiscal variables(population, ratio of old population, unemployment rate, dependency ration) using the pooling data of 16 local governments from 1998 to 2012. To put it concretely, following the Granger causality test, regression analysis has been done with the regional economic power being the dependent and variables which have either one or two direction causality being independent variables. And test of cumulative effects has been done with variables showing statistical significance in the regression analysis. Local tax revenues per capita, expenditures of social development per capita and median age have positive effects, while dependency ratio has negative effect on regional economy. And national subsidy per capita, local tax revenues per capita, expenditures of social development per capita and median age all have cumulative effects on regional economy.

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Effects of Regional Health Insurance on Access to Ambulatory Care (지역의료보험의 실시에 따른 의료이용변화 분석 : 소득계층별 의료필요충족도를 중심으로)

  • 배상수
    • Health Policy and Management
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    • v.2 no.1
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    • pp.167-203
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    • 1992
  • The effects of regional health insurance on access to ambulatory care are examined in this paper. Access is measured as use-disability ratios. The data are collected in a household interview survey at Hwachon county before and after the introduction of regional health insurance. Before the introduction of regional health insurance, low-income class has less contacts with physicians than high-income class. This disparity in accessibility among economic classes is reduced with the health insurance coverage, but not removed, even after adjusting for health need.

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An Analysis of the Effect of Regional Strategic Industries on Regional Economic Growth -The Case of ChungNam Province- (지역전략산업의 지역경제성장 효과분석 -충청남도를 중심으로-)

  • Kim, Dae-Jung;Kim, Tae-Yeon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.4
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    • pp.2085-2092
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    • 2014
  • This study aims at finding the effects, problems and implication of the regional economic growth led by regional strategic industries in the Chungnam Province. It identifies the contribution of regional strategic industries in the regional economic growth even though there is somewhat difference between the sub-sectors of the industries. It also finds out some problems with the selection and implementation processes. In order to improve the regional industrial policy, it need to apply portfolio type of regional industrial development strategy on according to the typology of the industrial growth stages.

Analysis of Regional Economic Ripple Effects of Port Logistics Industry in Gwangyang City - Focusing on Exogenous Specified Input-Output Model - (광양시 항만물류산업의 지역경제 파급효과 분석 - 외생화 산업연관모형을 중심으로 -)

  • Kim, Min-Seong;Na, Ju-Mong
    • Journal of Korea Port Economic Association
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    • v.39 no.2
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    • pp.77-95
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    • 2023
  • The regional infrastructure industries of Gwangyang City, the subject of this study, are Gwangyang Port and Gwangyang Steel Mill. Therefore, it is necessary to analyze the regional economic ripple effects of the port logistics industry in Gwangyang City. In this study, a multi-stage approach using the RW and the LQ methodology using the national input-output tables in 2015 and 2019 is used to prepare the regional interindustry analysis chart in Gwangyang City, and an exogenous demand induction model that reclassified the port logistics industry was applied. Through this, the purpose of this study was to provide policy implications by figuring out the regional economic ripple effects of the port logistics industry quantitatively in Gwangyang City. As a result of the analysis, the industries with high production inducement effect and forward/backward linkage effect of the port logistics industry in Gwangyang City were analyzed as manufacturing, transportation, land and air logistics sectors. And the industries in which the added value inducement effect and the employment inducement effect were analyzed as an industry related to the service industry. Therefore, it is necessary to prepare support measures to foster the port logistics industry as a way to promote these industries and revitalize the local economy of Gwangyang City. To this end, it is desirable to improve policies and systems for the vitalization of the Gwangyang port maritime cluster and provide various policy support for the port logistics industry in Gwangyang City. This study is meaningful in suggesting policy implications for the regional economy of Gwangyang City based on the results of exogenous analysis of the port logistics industry in small and medium-sized cities. However, It seems that further studies related to this will be needed in the future.

Regional Community Significance of Chongju International Airport in Economic Effects (청주국제공항의 전개가 지역사회 발전에 미치는 영향에 관한 연구)

  • Lee, S.C.;Ham, Y.H.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.7 no.1
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    • pp.101-122
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    • 1999
  • Analyzing the economic effects of establishing an airport in Chongju community, the authors have studied how much the new international airport will impact regional society and what the critical factors are for successful airport. We researched several foreign case studies and analyzed surveyed data in order to find out what dimensions passengers expect to feel good service. The findings have many implications for service theory and managers in airport management.

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