• Title/Summary/Keyword: Relocation of Capital

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An Analysis of the Multiplier Effects of Gyeongsangbuk-Do Provincial Government Relocation on Daegyeong Economic Region (경북도청 이전이 대구경북광역경제권에 미치는 파급효과 분석)

  • Chun, Kyung Ku;Kim, Eun Kyung;Cho, Deokho
    • Journal of the Korean association of regional geographers
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    • v.19 no.2
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    • pp.246-258
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    • 2013
  • The relocation of the public institutions such as the provincial government attracts much attentions since it results in substantial regional economic impacts. In this context this paper analyzes the effects of relocation of Gyeongsangbuk-Do provincial government from Daegu city to Gyeongsangbuk-Do, which is scheduled for 2014, on Daegyeong economic region. Based on the interregional input-output model and I-O data which were provided by the Bank of Korea, this paper examines the multiplier effects of the relocation in terms of production, value added, and employment on Daegyeong economic region and other regions, except for the construction effects of the provincial capital. According to the analysis, the relocation is expected to reduce the production by 290million won, value added by 709million won, and employment by 571 persons in Daegyeong economic region. Also, the relocation turns out to decrease the production by 1,179million won and value added by 123million won of other regions. This paper discusses some policy implications of the analysis.

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Environment Policy and Regional Economic Growth: Conflicting vs. Complementing (환경정책과 지역경제 : 상반관계 vs. 보완관계)

  • 김홍배;윤갑식
    • Journal of the Korean Regional Science Association
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    • v.15 no.1
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    • pp.63-73
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    • 1999
  • It is generally believed that there is a trade-off between economic growth and environmental quality since pollutants are generated in the process of production and consumption of commodities. Several researchers have shown this prevailing belief using the short-term input-output models. The literature, however, shows that there have been few attempts to investigate the relationship using long-term forecasting models. This motivates the current paper. This paper attempts to build a reginal growth model in a partial equilibrium framework taking into consideration the requirements of capital invested for pollutant abatement. Model is largely neoclassical. Labor is assumed to move a region with high utility specified in regional per capita average was income and pollution level while capital is partially mobile to a region with high returns. The regional growth is explored in a phase diagram. The paper shows that there are two stable growth equilibria which a region can converge over time and that the equilibria are distinguished by the initial threshold capital stock that a region holds. If the initial capital stock of a region is over(under) than the threshold size, the region converges to the higher (lower) growth equilibrium over time. Moreover, based on this result an environmental quality enhancing policy is analyzed in the phase diagram. It has revealed that the policy calls for the relocation of growth equilibrium points, specifically speaking, it stimulates an increase in labor stock and a decrease in capital stock. Hence the paper has suggested that the prevailing belief which the environmental policy negatively impacts on a regional economic growth is not always true.

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The Impacts of Climate Change in Domestic and Foreign Capital Relocation (기후변화 영향에 의한 국내외 수도 이전 사례 연구)

  • Park, Jung-Ho;Shim, Hyun-Ha;Wut, Yee Lwin
    • Proceedings of the Korean Society of Disaster Information Conference
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    • 2016.11a
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    • pp.152-158
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    • 2016
  • 본 논문에서는 최근 가속화 되고 있는 기후변화에 따른 여러 영향에 의한 국내 외 수도 이전 사례를 역사를 바탕으로 과거의 기후변화와 현재의 기후변화를 차이점을 중심으로 비교했으며 한반도의 수도이전역사와 기후변화의 관계 그리고 기후변화가 현재수도 서울에 미치는 영향을 조사했으며 서울의 기후변화 전망과 미래에 기후변화에 대비해야할 방안을 연구하였다.

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A Study on Strategical Method for the Relocation and Construction of New Administrative Capital City and National Balanced Development in Korea (신행정수도 이전입지$\cdot$건설 및 국가균형개발을 위한 전략적 차원의 방법론 고찰)

  • Kim, In
    • Proceedings of the KGS Conference
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    • 2004.05a
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    • pp.66-66
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    • 2004
  • 우리나라는 21세기 초입에 들어와 다음과 같은 기회의 국면에 처해 있다. 첫째, 세계적 Global Standard Economy의 구현, 둘째, 동아시아 허브국가로의 탄생, 셋째, 지식 기반산업의 성장과 같은 세가지 기회에 직면한 것이다. 우리나라가 이러한 기회들을 잡아 국가 경쟁력을 강화하기 위해서는 지금부터라도 국토의 수도권과 기수도권간의 공생적 공동번영의 개발계획을 준비하는 것이 시급히 요구된다. (중략)

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Validity and Pertinence of Administrative Capital City Proposal (행정수도 건설안의 타당성과 시의성)

  • 김형국
    • Journal of the Korean Geographical Society
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    • v.38 no.2
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    • pp.312-323
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    • 2003
  • This writer absolutely agrees with the government that regional disequilibrium is severe enough to consider moving the administrative capital. Pursuing this course solely to establish a balanced development, however, is not a convincing enough reason. The capital city is directly related to not only the social and economic situation but, much more importantly, to the domestic political situation as well. In the mid-1970s, the proposal by the Third Republic to move the capital city temporarily was based completely on security reasons. At e time, the then opposition leader Kim, Dae-jung said that establishing a safe distance from the demilitarized zone(DMZ) reflected a typically military decision. His view was that retaining the capital city close to the DMZ would show more consideration for the will of the people to defend their own country. In fact, independent Pakistan moved its capital city from Karachi to Islamabad, situated dose to Kashmir the subject of hot territorial dispute with India. It is regrettable that no consideration has been given to the urgent political situation in the Korean peninsula, which is presently enveloped in a dense nuclear fog. As a person requires health to pursue his/her dream, a country must have security to implement a balanced territorial development. According to current urban theories, the fate of a country depends on its major cities. A negligently guarded capital city runs the risk of becoming hostage and bringing ruin to the whole country. In this vein, North Koreas undoubted main target of attack in the armed communist reunification of Korea is Seoul. For the preservation of our state, therefore, it is only right that Seoul must be shielded to prevent becoming hostage to North Korea. The location of the US Armed Forces to the north of the capital city is based on the judgment that defense of Seoul is of absolute importance. At the same time, regardless of their different standpoints, South and North Korea agree that division of the Korean people into two separate countries is abnormal. Reunification, which so far has defied all predictions, may be realized earlier than anyone expects. The day of reunification seems to be the best day for the relocation of the capital city. Building a proper capital city would take at least twenty years, and a capital city cannot be dragged from one place to another. On the day of a free and democratic reunification, a national agreement will be reached naturally to find a nationally symbolic city as in Brazil or Australia. Even if security does not pose a problem, the governments way of thinking would not greatly contribute to the balanced development of the country. The Chungcheon region, which is earmarked as the new location of the capital city, has been the greatest beneficiary of its proximity to the capital region. Not being a disadvantaged region, locating the capital city there would not help alleviate regional disparity. If it is absolutely necessary to find a candidate region at present, considering security, balanced regional development and post-reunification scenario of the future, Cheolwon area located in the middle of the Korean peninsula may be a plausible choice. Even if the transfer of capital is delayed in consideration of the present political conflict between the South and the North Koreas, there is a definite shortcut to realizing a balanced regional development. It can be found not in the geographical dispersal of the central government, but in the decentralization of power to the provinces. If the government has surplus money to build a new symbolic capital city, it is only right that it should improve, for instance, the quality of drinking water which now everyone eschews, and to help the regional subway authority whose chronic deficit state resoled in a recent disastrous accident. And it is proper to time the transfer of capital city to coincide with that of the reunification of Korea whenever Providence intends.

Regional Balanced Development Policy Leverage in the Capital and Non-Capital Areas : Focusing on Local Function Concentration and Dispersion Structure (수도권과 비수도권의 지역균형발전 정책 레버리지 탐색 : 지역의 기능 집중·분산 구조를 중심으로)

  • Lee, Jin-Hee;Lee, Man-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.12
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    • pp.502-512
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    • 2019
  • To examine the problem structure of balanced regional development policy and identify the causes of the gap between the capital and non-capital areas, this study examined the causal structure in terms of the concentration and distribution of functions in the metropolitan area and non-capital area and explored the policy leverage. As a research method, the causal map was drawn using System Dynamics techniques and policy leverage was derived through an exploration of the feedback structure. In particular, the causes of the problems in balanced regional development policies were approached by system accidents rather than by single-circuit accidents, and causality analysis was performed among the variables constituting balanced regional development policies based on system accidents. In particular, it singled out 31 variables, developed 13 feedback loops, and confirmed four major policy leverages, including relocation of the capital function, local decentralization policies, consistent development, and investment practices centered on the Non­Capital Area. Subsequently, a follow-up study by computer simulation is needed by modeling the structure of the system to identify the ripple effect of the policies of the Capital Area on the Non­Capital Area.

Location Determinants for Newly Established and Relocated Manufacturing Firms (신설 및 이동 제조업체의 입지 결정요인 분석)

  • Yoojin Yi
    • Journal of the Korean Regional Science Association
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    • v.40 no.3
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    • pp.95-108
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    • 2024
  • This study analyzes the location determinants of newly established and relocated manufacturing firms in South Korea using the National Business Survey data from 2016 to 2019. Both new establishments and relocations are concentrated in the Seoul metropolitan area, Chungcheong, Yeongnam, and Daegyeong regions, with relocated firms showing a higher degree of spatial concentration. Employing a negative binomial regression model, we find that manufacturing concentration, population density, industrial diversity, and lower wage levels positively influence both new establishments and relocations. The proportion of highly educated workers, accessibility to producer services, and average land prices only positively affect the frequency of new establishments, suggesting that firms in the early stages of their life cycle, which are more dependent on human capital and producer services, demonstrate a higher willingness to pay for land use. Conversely, increased travel time to Seoul and improved transportation accessibility enhance the probability of attracting relocated firms. This implies that cost reduction incentives associated with distance from Seoul may outweigh the benefits of proximity to the capital in relocation decisions. Our findings suggest that strengthening agglomeration economies and improving transportation infrastructure efficiency could increase the likelihood of attracting relocated manufacturing firms to non-capital regions.

The Characteristics and Impacts of the Relocating of Production Facilities to Abroad: A Case of Korea (생산시설 해외이전의 유형별 특성 및 효과분석)

  • 양희승;임채윤
    • Journal of Technology Innovation
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    • v.6 no.2
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    • pp.54-79
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    • 1998
  • Entering the 1990s, Korean economies experienced the high-cost and low-efficiency situation which evetually caused many Korean firms led to relocate their production facilities to lower labor cost countries. This paper aims to draw out the characteristics of FDI and to evaluate the impacts of FDI in manufacturing sectors. Firstly, we try to categorize the indutries into three groups, labor intensive, capital intensive, and the technology intensive industries figuring out the characteristics of FDI of Korean firms. Secondly, we compare the three categories by grouping high and low foreign investment areas using value added data. Thirdly, we analyse the impacts of foreign production relocation the number of firms, production volume and jobs creation in Korea during the period 1991-1996. This paper concludes that the FDI of Korean firms concentrates to labor intensive industry and the hollowing effect caused by FDI was observed partially in the labor intensive industry.

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Otemachi(大手町) Sequential Urban Redevelopment Project

  • Itoh, Toshio
    • Land and Housing Review
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    • v.8 no.2
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    • pp.83-89
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    • 2017
  • Otemachi(大手町) is the region where it plays a pivotal role in Japanese economy as representative head offices of companies including financial insurance, general trading, information and communication newspaper media are concentrated. However, regenerating the entire region from worn-out infrastructures of buildings and city into the fresh and vibrant foothold in international business was the problem to be solved. In this situation, was examined on the basis of administrative agencies and relevant enterprises to reconstruct office buildings in phases without ceasing business functions and activities by utilizing the large-scale vacant land occurred from the relocation of the national public institutions. The independent administrative institution 'Urban Renaissance Agency(UR)' has completed the examination of industrialization and participation request for the commencement of the project. In this article, The overview of , the new form of project promoted and cooperated by officials and people, is introduced by UR (Urban Renaissance Agency) reorganizing the land exchange and infrastructure through the land readjustment project, and at the same time, procuring capital and building office buildings in solidarity with private development enterprises and financial institutions.

A Study on Stock Market Reactions to the Relocation of Firms from Capital Area to the Chungbuk Province (기업의 지방이전 유도정책과 이전행위에 대한 시장반응에 관한 연구 -충북지역 이전기업을 중심으로-)

  • Jeong, Ki-Man;Lee, Eun-Ju
    • Proceedings of the KAIS Fall Conference
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    • 2012.05a
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    • pp.393-396
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    • 2012
  • 우리나라 지역발전정책은 80년대 들어서 심화된 국토불균형 문제를 해소하기 위하여 지역경제 활성화 및 지방투자 촉진 목적의 다양한 정책 수단을 마련하면서 본격화 되었다. 수도권 소재 기업의 지방 이전을 위한 각종 법률과 제도가 제정 시행된 결과 일정 부분 성공했다는 평가가 있다. 충북지역 역시 수도권 소재 기업의 유치를 위하여 다양한 노력을 기울이고 있다. 이러한 중앙정부와 지방정부의 다양한 노력 결과, 2000년 이후에 충북으로 이전한 총수는 약 170여개 기업 정도가 되었다. 이들 기업은 업종별이나 지역별 등과 같은 그 구성 비율로 볼 때 고르지 못한 면이 있다. 예를 들어 기업의 지역별 이전기업 수를 보면 충주 46개, 청원 28개 기업으로 주로 충북 북부지역과 중부권에 집중되어 있고 영동과 보은 등의 남부권으로 이전한 기업은 거의 없어, 균형 개발 차원에서 남부 3군(옥천 포함)에 대한 충북도 차원의 지원이 필요할 것으로 보인다.

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