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Analysis of Manufacturing Productivities of Integrated Economic Regions in Korea using Spatial Spillover Effect Model of Production Costs

Ahyoung Kim 1 Seong Do Yun 2 Kim, Euijune 2

1국토연구원 동북아발전연구센터
2서울대학교

Accredited

ABSTRACT

The purpose of this study is to analyze economic effects with regard to establishment of ‘Regional Economic Zone’ through comparing with the differences of productivity of manufacturing sector in Korea. For this, this paper was estimated the effect of scales economies, agglomeration economies and spatial multiplier using the Spatial Spillover Effect Model applied on trans log cost function with spatial econometrics. One Result shows that three or five economic blocs have positive effects on the spatial external effect, scales economies, and urbanization economies than splitting into seven economic blocs. Also, the other result, which is from analysis including hierarchical establishment of economic regions, presents that three super regions integrating several economic regions was of advantage to the respective economic regions. Therefore, it is possible that economic regions are spatial unit for strengthening Competitiveness and economic self-sustaining of each regions. Moreover, super regions are spatial unit for strengthening Competitiveness of national level and balanced national development policy pursued steadily by governments.

Citation status

* References for papers published after 2022 are currently being built.