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A Study of Regional Economic Policy Focusing on Three Approaches
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, Sam Youl | - |
dc.date.accessioned | 2010-09-27 | - |
dc.date.available | 2010-09-27 | - |
dc.date.issued | 2006 | - |
dc.identifier.citation | Korean Journal of Policy Studies, Vol.20 No.1, pp. 35-48 | - |
dc.identifier.issn | 1225-5017 | - |
dc.identifier.uri | https://hdl.handle.net/10371/69877 | - |
dc.description.abstract | Regional economic growth can have a quite different dynamic and logic than national economic growth. This paper empirically investigates whether three major approaches to regional economic development: industrial mix, human capital, and quality of place significantly contribute to the regional economy. This paper tests the hypotheses using ordinary least squares (OLS) based on state-level data from the United States. The OLS results indicated a significant effect of industrial mix on regional economic growth when other factors were controlled for, though significance levels differed depending on the definition of "high-tech industry". The joint hypothesis test on human capital and quality of place showed they were statistically insignificant. The insignificance of the human-capital variables was different from the expectation. This may be caused by the fact that the level of analysis of this study is a state rather than a city, which may dilute the concentration of human capital in major cities. The significance of the industrial mix variables is meaningful because the positive relation between the concentration of high-tech industries and regional economic growth supports regional governments' efforts in Korea to establish or lure more high-tech industries into their regions. However, because the result is sensitive to various definitions of high-tech industries, it needs cautious interpretation. | - |
dc.language.iso | en | - |
dc.publisher | Graduate School of Public Administration, Seoul National University | - |
dc.title | A Study of Regional Economic Policy Focusing on Three Approaches | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 이삼열 | - |
dc.citation.journaltitle | Korean Journal of Policy Studies | - |
dc.citation.endpage | 48 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 35-48 | - |
dc.citation.startpage | 35 | - |
dc.citation.volume | 20 | - |
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