• Title/Summary/Keyword: urban economic growth

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The Nexus between Urbanization, Gross Capital Formation and Economic Growth: A Study of Saudi Arabia

  • KHAN, Uzma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.677-682
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    • 2020
  • To investigate the nexus between urban population, gross capital formation, and economic growth in the Kingdom of Saudi Arabia, yearly data was collected from the World Bank for the period 1974- 2018. Basic statistics test and correlation matrix was used to investigate the causal effect among the tested parameters, followed by Augmented Dickey-Fuller (ADF) stationary test, co-integration analysis by Johansen test after that Vector Auto-Correction Model for both short-run and long-run and finally the Granger-Causality tests. Result of unit root test analysis shows that the urban population became stationary at I (0) level while economic growth and gross capital formation became stationary at I (1). Johansen co-integration analysis indicates that there is presence of both long-run and short-run relationship between the three variables in the Kingdom of Saudi Arabia. The result of the VECM Model reflects that both economic growth and gross capital formation have a negative impact on urban population in the short run. According to the Granger-Causality tests, there is unidirectional causality with the urban population by both gross capital formation and economic growth. Also, the result of the Granger Causality tests show that there is unidirectional causality between economic growth and gross capital formations.

Economic Growth, Crisis, and Recovery in Cameroon: A Literature Review

  • Tambi, Mbu Daniel
    • The Journal of Industrial Distribution & Business
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    • v.6 no.1
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    • pp.5-15
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    • 2015
  • Purpose - This study reviews Cameroon's economic growth, crisis, and recovery, aiming to: review the principal factors of Cameroon's real economic growth; explore the causes of its economic crisis analyze the determinants of its economic recovery; and suggest appropriate policies to ameliorate economic growth. Research design, data, and methodology - By reviewing the relevant literature and economic indicators, we observed that from the 1980s to the present, Cameroon experienced all the possible business cycle phases: economic prosperity (until 1985), economic and social crisis (1986-1994), and renewed economic growth (after 1995). Results - As a result of the economic changes in Cameroon, its macroeconomic indicators have evolved. Poverty and inequality have changed in both quantitative and qualitative terms. Throughout the examined period, rural poverty has become more widespread, deeper, and more severe than urban poverty, while inequality has experienced greater increases in urban areas relative to rural zones. Conclusions -To reap maximum benefits and reduce poverty from these economic changes, Cameroon needs to liberalize trade and foreign exchange transactions to attract foreign investment, especially during the current globalization.

The Change of Economic Space and the Classification of Urban-Rural Consolidated Cities in Gyeonggi-do (경기도 도농복합시의 경제공간 변화와 유형 분류)

  • Son, Seungho
    • Journal of the Economic Geographical Society of Korea
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    • v.18 no.1
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    • pp.45-59
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    • 2015
  • The urban-rural consolidated city has emerged in order to promote the balanced development of urban region and rural region. Targeted 11 urban-rural consolidated cities in Gyeonggi Province, this paper investigated the changes of economic space in accordance with the location of industrial activities. The number of establishments has increased in all cities. From the analysis of the changes in the economic space divided into urban regions and rural regions, concentration phenomenon of economic activities in urban regions was strengthened in 9 cities with the exception of Icheon-si and Anseong-si. Concentration of economic activities in urban region was noticeable in Namyangju-si, Pocheon-si, and Yongin-si. 5 types were derived from the classification on the basis of locational changes of economic activities in urban region and rural region. They are 1) urban-rural gap deepen type, 2) urban region growth slowdown type, 3) rural region growth type, 4) urban-rural balanced growth type, and 5) urban region-led growth type. While urban-rural gap of the cities close to highly urbanized city or metropolis has intensified, the growth of urban region was weakened in the cities located away from the metropolis.

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Korean Urbanization in The Asian Context (한국과 아시아지역 국가의 도시화 경향)

  • Huguet, Jerrold W.
    • Korea journal of population studies
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    • v.10 no.2
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    • pp.82-98
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    • 1987
  • The urban population in Asia more than doubled between 1960 and 1985, growing by 3.0 percent per annum on average. Yet during that period, the proportion of the total population living in urban areas increased only from 21 to 27 percent. This seeming paradox is explained by the relatively high rates of rural population growth in Asia, which averaged 1.8 percent over the same period. The Republic of Korea has experienced the most rapid rate of urbanization in Asia during the past century. The proportion urban jumped from 28 percent in 1960 to 65 percent in 1985. There is a clear association between economic growth and the pace of urbanization in Asia. Currently natural increase accounts for about 60 percent of urban growth, but the speed of urbanization is projected to increase after 1990, and migration, reclassification and annexation will comprise about half of urban growth, Seoul is currently the fourth largest urban agglomeration in Asia, and its population is projected to be over 13 million by the end of the century. It is argued that policies to deconcentrate urban population will not be generally successful in Asia and that governments should attempt to manage the growth of large metropolitan areas more efficiently.

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Analyzing Factors and Impacts of Regional Characteristics to Regional Economic Growth in South Korea (우리나라의 지역 특성이 지역 경제 성장에 미치는 요인과 영향 분석)

  • Kim, Geunyoung
    • Journal of Urban Science
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    • v.9 no.1
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    • pp.41-49
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    • 2020
  • This study analyzed the factors affecting economic growth using multiple regression model and Geographically Weighted Regression in consideration of population, industry and employment, housing and political characteristics on economic growth by region. The analysis results are summarized as follows. First, the total employment growth rate, manufacturing employment growth rate, local election turnout and the level of party consensus between the central and local governments are having a positive impact on regional economic growth. Second, according to the GWR analysis, the population has a positive impact on economic growth in the southern region of Korea, and the increase in the total number of employees has a positive impact on the southern region of Gyeonggi Province, Gangwon Province, North Chungcheong Province and North Gyeongsang Province. Finally, the voter turnout of urbanites is positively affecting economic growth in South Chungcheong Province, Gangwon Province and the southern coast, while North Jeolla and South Jeolla provinces have a positive impact on economic growth as the parties of the central and local governments are equal. The results of this study may suggest the role of local government for regional economic development.

Environmental Impact Assessment in Urban Planning (도시계획과 환경영향평가)

  • Yong, Chung
    • Journal of Environmental Impact Assessment
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    • v.2 no.2
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    • pp.1-11
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    • 1993
  • Most developing countries are experiencing rapid urbanization and the associated growth of industry and services. Cities are currently absorbing two-thirds of the total population in the developing world. Korea has about 85 percent of urban dwellers. World population will shift from being predominantly rural to predominantly urban around the turn of the century. Although cities play a key role in development process and make more than a proportionate contribution to national economic growth, especially cities are also the main catalysts of economic growth in developing countries, they can also be unhealthy, inefficient, and inequitable places to live. Most developing countries are increasingly unable to provide basic environmental infrastructure and services, whether in the megacities or in secondary urban centers. Of particular concern is the strain on natural resources brought by the increasing number of people, cars, and factories. They are generating ever greater amounts of urban wastes and emissions. They also exceed the capacity of regulatory authorities to control them and of nature to assimilate them. The environmental consequences are translated into direct negative impacts on human health, the quality of life, the productivity of the city, and the surrounding ecosystems. Environmental degradation threatens the long tenn availability and quality of natural resources critical to economic growth. Cities, with their higher and growing per capita energy use for domestic, industrial, and transport purpose also contribute a disproportionate share of the emission leading to global warming and acid rain. An important priority is to develop strategic approaches for managing the urban environment. The design of appropriate and lasting strategic responses requires first an understanding of the underlying causes of urban environmental deterioration, it is necessary that longer tenn objectives should be set for urban area to avoid irreversible ecological damage and to ensure lasting economic development. As a means to the preventive policies against the adverse effect, environmental impact assessment (EIA) serve to identify a project's possible environmental consequences early enough to allow their being taken into consideration in the decision making process for urban planning. This paper describes some considerations of EIA for urban planning-scoping, assessment process, measurement and prediction of impacts, pollution controls and supervision, and system planning for environmental preservation.

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Growth and Impact Analysis of Nonemployment Income as an Urban Economic Base -The case study of U.S. Arizona State- (도시경제기반으로서의 비고용소득 성장과 영향분석 - 미국 아리조나주의 경우 -)

  • 김학훈
    • Journal of the Korean Regional Science Association
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    • v.9 no.2
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    • pp.27-40
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    • 1993
  • Most studies on regional economic impact have utilized employment or employment income data. Recently, a few scholars have noticed the importance of nonemployment income sources in urban economies. Using decennial census data on Arizona towns from 1970 to 1990, this paper first examines the increasing importance of nonempolyment income sources in urban economies and the associations of nonemployment income sources with elderly population and metropolitan location. Then, this paper investigates the impact of nonemployment income on urban growth in the framework of economic base model. The regression results show that the impact of nonemployment income is significant in the increase of nonbasic income and becomes greater over time, and that the impact of transfer over time, and that the impact of transfer income on nonbasic income of transfer income on nonbasic income is stronger in smaller towns and the impact of investment income is stronger in larger towns.

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The Relationship between Economic Growth of Sea Port City and Ocean Industries: Focused on Busan Metropolitan City (해항도시의 경제성장과 해양산업 간의 관계 - 부산시를 중심으로 -)

  • Kang, Yunho;Woo, Yang-Ho
    • Journal of Navigation and Port Research
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    • v.37 no.6
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    • pp.627-635
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    • 2013
  • 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.

Market Access Approach to Urban Growth

  • MOON, YOON SANG
    • KDI Journal of Economic Policy
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    • v.42 no.3
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    • pp.1-32
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    • 2020
  • This paper studies urban growth in Korean cities. First, I document that population growth patterns change over time and that the current population distribution supports random urban growth. I confirm two empirical laws-Zipf's law and Gibrat's law-both of which hold in the period of 1995-2015, but do not hold in the earlier period of 1975-1995. Second, I find a systematic employment growth pattern of Korean cities in spite of the random population growth. I examine market access effects on employment growth. Market access, a geographical advantage, has a significant influence on urban employment growth. The market access effect is higher in the Seoul metropolitan area than in the rest of the country. This effect is stronger on employment growth in the manufacturing industry compared to employment growth in the service industry. These results are robust with various checks (e.g., different definitions of urban areas). The results here suggest that policymakers should consider geographical characteristics when they make policy decisions with respect to regional development.

The Socio-economic Impacts of Urban-to-Rural Migration on the Rural Community: Focused on the Recognition of Rural Residents (농촌주민이 인식하는 귀농·귀촌이 농촌 지역사회에 미치는 사회경제적 영향)

  • Park, Dae Sik;Kim, Kyung In
    • The Korean Journal of Community Living Science
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    • v.28 no.4
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    • pp.653-667
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    • 2017
  • The purpose of this study were to investigate the socio-economic impacts of urban-to-rural migration on the rural community and to identify the factors influencing rural residents' recognition of the socio-economic impacts of urban-to-rural migration on the rural community. For the purpose, this study analyzed Korea Rural Economic Institute's rural residents survey(2016), using multiple regression model. The main finding of this study were as follows: Positive social impacts of urban-to-rural migration on rural community were (1) contributing to community sustainability through population growth, (2) contributing to securing agricultural human resources, and others. Negative social impacts of urban-to-rural migration on rural community were (1) increasing unnecessary complaints and deepening distrust, (2) weakening of community consciousness, and others. Positive economic impacts of urban-to-rural migration on rural community were (1) increasing the value of residents' property, (2) contributing to local finance through increased local tax revenue, and others. Negative economic impacts of urban-to-rural migration on rural community were (1) difficulty of scaling farmland due to small-scale farming, (2) land shortage caused by rising land prices, and (3) fierce competition to secure labor force. According to the multiple regression analysis, the major factors influencing rural residents' recognition of the socio-economic impacts of urban-to-rural migration were (1) villagers' general attitude toward urban-to-rural migrants, (2) urban-to-rural migrants' community participation, (3) age, and (4) fitness of village in urban-to-rural migration.