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Income Determination and Growth Decompositon of Korean Cities

Sangho Kim 1

1호남대학교

Candidate

ABSTRACT

This study analyzes regional income using a five-year panel of 163 Korean cities and counties for the period 1998-2002. Empirical results showed that all the variables representing agglomeration economies, infrastructure and financial deepening significantly affected regional income. Furthermore, the number of patent applications, number of travel companies and share of tertiary sector all significantly affected has regional growth. The relative importance of variables based on income determination regression showed that the number of patent applications was the most important factor of regional growth. Among the other factors, the income growth of general cities was driven by manufacturing industry, and the growth of composite cities, which include rural counties, depended on neighboring cities, while county growth was driven mostly by the growth of neighboring cities.

Citation status

* References for papers published after 2023 are currently being built.