본문 바로가기
  • Home

Economic Crisis and Regional Resilience in Korea

Kim Won Bae 1 Shin,Hyewon 2

1중앙대학교
2서울대학교

Accredited

ABSTRACT

As economic globalization deepens, economic crises occur frequently and thus the internal and external environment surrounding regional economies constantly fluctuates. Regional strategies to guarantee the long-term development of a region with adaptability to crisis and change are more than necessary. This study makes a preliminary investigation on how regions have been affected by the two crises, what structural changes regions have gone through, and why regions have had different experiences. Borrowing the concept of regional resilience, this study attempts to classify regional types. According to the time periods set up around the two crises, regional changes are explained by regional value added and employment. Simple correlation test is performed to find out which factors are responsible for the differential results by region. Based on changes in regional value added and employment, regions are classified into four types: thriving, stagnant, transformative and faltering. Finally, preliminary policy implications are derived from the above results.

Citation status

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