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The Effects of Population Aging on the Industrial Productivities and Employments in Kangwon Province

  • Journal of Asia-Pacific Studies
  • Abbr : JAPS
  • 2023, 30(3), pp.125-154
  • DOI : 10.18107/japs.2023.30.3.005
  • Publisher : Institute of Global Affairs
  • Research Area : Social Science > Social Science in general
  • Received : August 17, 2023
  • Accepted : September 1, 2023
  • Published : September 30, 2023

Jeong, Ug-yeong 1 CIN BEOM CHEOL 2 Ji Ke Yung 1

1가톨릭관동대학교
2경기대학교

Accredited

ABSTRACT

This paper analyzed the effects of population aging on the industrial productivities and employments in Kangwon Province using auto-regressive distributed lag (ADL) model. The main results of this paper are as follows. First, most of industries except information and financing sectors showed declining productivities during recent eleven years. Second, population aging made productivities shrinking in many industries except information and financing ones, especially much more in non-skilled labor industries such as tourism related sectors. Third, population aging affected employments differently across industries. Given population aging deepening, food, wholesale, information and financing showed decreasing employments. In contrast, agriculture and education showed increasing employments. Facing with the accelerating trend of population, this paper could be a reference in designing industry and employment policies in Kangwon Province.

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