2015, Vol.24, No.1

The Efficiency Analysis and the Measurement of Monetary Inefficiency Value for Distribution Industry in Busan

Yoo, Young-myung , KIM HYUNG BIN | 2015, 24(1) | pp.1~35 | number of Cited : 3

A Study on the Determinants of Regional Labor Market Outcomes

Cho, Insook , 고석관 | 2015, 24(1) | pp.37~83 | number of Cited : 19

Since global financial crisis, job creating ability of Korean economy has been significantly lowered. This lower job creating potential has been discussed as the major source of various labor market issues such as youth unemployment and higher employment instability. The number of jobs grows slower than any other time period in history due to lower economic growth rate. Manufacturing industry, which was once an employment powerhouse in Korean economy, is not creating as many jobs as it used to. While the proportion of jobs available in service sector is increasing, many criticize that quality of employment in service industry must be improved. Moreover the gap in labor market performances among regional labor markets is widened, which is related to a widening gap in economic growth patterns across regions. Understanding regional labor market is a critical to create more jobs and to improve quality of employment quality. Using a set of macroeconomic indicators of 16 metropolitan cities and provinces in Korea from 1989 to 2013, this study explores macroeconomic determinants of the overall performance of regional labor markets. One of the major features of this study is that it adopts the dynamic panel analysis model proposed by Arellano and Bond (1991). The use of a dynamic panel model helps the authors to overcome two major limitations of previous studies. First, it overcomes endogeneity problem due to the correlation between labor market indicators and other macroeconomic indicators. Second this study was able to avoid the potential bias issue which occurs when dependent variables have time series characteristics. Another important feature of this study is to analyze the determinant of labor market outcome by industry. This study categorizes each economy into different groups by industry and examine the job creating ability of each industry as well. The empirical results from dynamic panel model provide new evidence onmacroeconomic determinants of regional labor market outcomes. First this study shows that an increase in real GDP per person has a positive impact onemployment rate. Also a higher economic growth is positively related to employment rate. This result indicates that the size of economy matters. As thesize of economy grows faster, it provides more derived labor demand in the region. Second, (capital) investment intensity also has a positive impact onemployment rate. This suggests that the productivity growth due to greater capital investment has been big enough to offset the reduction in the number of jobs because labor is replaced by capital investment in Korea. Third, an increase in labor productivity has a negative impact on employment. Forth, an increase in proportion of service industry employment has a negative effect on employment rate. This implies that expansion in service industry does not necessarily mean improvement in labor market performance in the long run. In one hand, expansion of service industry can lower overall quality of employment of region because a large proportion of service industry jobs pay lower wages and provide poorer working condition. On the other hand, productivity level in service industry is significantly lower than that of other industry, which may harm overall productivity level of regional economy. Finally, this study shows that an increase in R&D investment expenditure tends to raise the size of employment in manufacturing sector. These findings provide two important policy implications on the regional labor market issues. First, it is important to expand investment on R&D in high technology sector in order to raise employment in manufacturing industry. Second, improving labor productivity in service industry is key to make more and better jobs in service sector.

An Empirical Analysis on Economic Growth in the Big Cities of Korea

Kim, Youngduk | 2015, 24(1) | pp.85~130 | number of Cited : 1

There is substantial inequality among cities of Korea that needs to be understood. Because this income inequality summarizes past growth transitionpaths, understanding the speed of convergence can explain the persistence of regional inequality. In this paper, we examine regional convergence by using a sample of 6 big cities in Korea. We then analyze the patterns of convergence among the cities and compare them to convergence across the big cities. This paper uses the economic growth model with factor mobility barriers suggested by Gennaioli et. al., (2013) to estimate the speed of per capita incomeconvergence across the big cities of Korea. For the estimation, we use a sample of 6 big cities for 1989~2011 period. The estimates of cross-country orcross-region convergence rates may be subject to omitted variable problems due to heterogeneity among countries or regions. This problem may be mitigated in the case of cities within a country. We utilize pooled OLS and fixed effects panel estimation with Huber/White/sandwich robust variance estimation to compare the speed of per capita income convergence across the big cities of Korea. From the estimation of convergence rate, we find that there is significant barriers to factor mobility in the cities. The barriers include lack of local infrastructures such as roads, lack of sound system of public finance and fiscal capacity for local infrastructures, and lack of social openness. These barriers have slowed the transition to policies and financial and social structures that are well suited to providing the local public goods growing cities require. Also, we find that Seoul, the largest city in Korea, influences convergence rates of the other big cities in various ways. The Seoul’s factors supporting its mobilizing resources, its productivity gains/costs, and its factors limiting city size substantially affect barriers to factor mobility in the other big cities. The Seoul’s factors supporting its mobilizing resources include its fiscal capacity, local public goods such as park, and social openness. The Seoul’s productivity gains/costs include its externality arising from urban density of male workers, cost increase arising from mismatch between worker skills and job requirements, economies of scale arising from its export increase, and relative productivity gains from manufacturing expansion. The Seoul’s factors limiting city size are social costs due to pollution such as CO emissions and negative externality arising from car accidents.

The Effect of Economic Freedom on Economic Growth: from the Perspective of Institutional Reform

Kim, Youngshin | 2015, 24(1) | pp.131~161 | number of Cited : 1

The Effects of House Price on Household Consumption in Korea

Jo,Gab Je | 2015, 24(1) | pp.163~182 | number of Cited : 1

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The Effect of SBC Policy Funding Program on the Beneficiary Firms’ Profitability

Sang_Nam Lee , SEO YOUNGMI , Jong Won Choi | 2015, 24(1) | pp.183~214 | number of Cited : 1

An Exploratory Study on Improvement Plan with Industrial Clusters of Shipbuilding Industry of S. Korea: Based on the Location Quotient(LQ) Analysis Method at the time of 2008 Global Financial Crisis.

LEESANGYUN | 2015, 24(1) | pp.215~266 | number of Cited : 1

The Size of SSE (Social and Solidarity Economy) and Income Distribution in the European Union: Implications for Developing Countries

Chung Sik Yoo , John Nunya Agbemenu | 2015, 24(1) | pp.267~281 | number of Cited : 0

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Income Inequality and Economic Growth: Differences between South Korea and Other Groups of Nations

SangBoong Lee , Joon Han | 2015, 24(1) | pp.283~307 | number of Cited : 0

Pedagogical and Environmental Factors to Improve Capacity Building Program for International Community Leaders

정소윤 , ISLAMSAIFUL , AGBEMENUJOHN NUNYA and 1 other persons | 2015, 24(1) | pp.309~335 | number of Cited : 0

The Role of Emotional Intelligence in Considerate Communication in Team Projects among University Students

Lim, Se Hun , Sukho Lee , Suhong Hwang | 2015, 24(1) | pp.337~359 | number of Cited : 0

A Study on Civil Servants’ Personality Types Using MBTI and Organizational Commitment in Local Governments

Park, Young Mi | 2015, 24(1) | pp.361~388 | number of Cited : 3

The purpose of this study is to examine the relations between civil servants' personality types and organizational commitment. Recently civil servants' qualities is often regarded as one of the most significant trends in the history of local autonomy. The focus is on the civil servants who work closely with people and their problems. But there is limited information about applying the MBTI to civil servants or using it in public work in Korea. The purpose of this study is to find out personality types of civil servants using MBTI, to identify dominant type of decision making, and to analyze the relations between personality types of civil servants using MBTI and the organizational commitment in local governments. The subjects are from 264 civil servants working at the Halls of three local governments－Jeonnam province, Muan county, and Hampyeong county. Personnel included in the sample had agreed to participate in the study. The questionnaires were submitted to those available and volunteering to participate in the research after necessary information and explanation had been given to them. For this study data were collected through November 2013 and analyzed by using SPSS Win. package. The findings of this study are as follows. First, the type distribution for civil servants in the present study demonstrates clear preferences for extraversion over introversion, for sensing over intuition, for thinking over feeling, and for judging over perceiving(E-S-T-J). In terms of decision making style, ST (Sensing-Thinking) style is the most dominant. Second, organizational commitment in accordance with demographical attributes is positively linked to gender and local government. Third, thinking type(T) in MBTI is preferable at continuance commitment in the analysis of relationship between MBTI typesand organizational commitment. Under the control of gender and local government, T/F in MBTI indicator is preferable at affective commitment, the interaction of S/N and T/F at affective commitment, the interaction of E/I, S/N and T/F at continuance and normative commitment, and the interaction of E/I, S/N and J/P at continuance and normative commitment respectively. These findings can help field leaders and public managers increase their effectiveness in personnel management and enhance the personnel's qualities required for administrative work in the age of local autonomy.

Mitigating Effects of Regional Inequality of Youth Welfare Service: A Case of Local Governments

Kim Heung Ju | 2015, 24(1) | pp.389~421 | number of Cited : 2

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The role and significance of the community driven participatory plan for the sustainable development of forest area: the case of French local forestry charter

Jung-Yoon Park) , Hyunsun Choi , Jaehyun Kim | 2015, 24(1) | pp.423~474 | number of Cited : 4

A Study on Local Economic Growth through the Cooperatives: Focusing on Quebec Case

JEONG, MOON GI , Jeon, Gi-Hoon , Choi Moon Hyeong | 2015, 24(1) | pp.475~515 | number of Cited : 6

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Journal Central

Journal of Regional Studies and Development 2023 KCI Impact Factor : 0.4

2015, Vol.24, No.1