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@article{ART002035483},
author={Choi, Jihye and KIM, ILTAE},
title={The Relationship between Regional Economic Variables and Local Employment Growth},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2015},
volume={86},
pages={3-15},
doi={10.15793/kspr.2015.86..001}

TY - JOUR
AU - Choi, Jihye
AU - KIM, ILTAE
TI - The Relationship between Regional Economic Variables and Local Employment Growth
JO - The Korea Spatial Planning Review
PY - 2015
VL - 86
IS - null
PB - 국토연구원
SP - 3
EP - 15
SN - 1229-8638
AB - This study examines the long-run equilibrium relationship between regional economic variables and local employment growth using the panel data of 16 regions from 1995 to 2013 in Korea. This study uses the GRDP, wage, and public expenditure for the explanatory variables. This study estimates long-run equilibrium equation in terms of panel cointegration relationships between the variables which have the unit roots using the FMOLS(Fully Modified OLS) estimation. This study shows that GRDP and public expenditure have positive impacts on total industrial employment and service industrial employment. Moreover, if the variables deviate from equilibrium, then error correction term converges to the Long-Run equilibrium. This study also reveals that service industrial sector has higher impact than total industrial sector and that the wage variable has a negative effect on employment.
KW - Regional Economic Variables;Local Employment Growth;Long-Run Equilibrium;Panel Cointegration
DO - 10.15793/kspr.2015.86..001
ER -

Choi, Jihye and KIM, ILTAE. (2015). The Relationship between Regional Economic Variables and Local Employment Growth. The Korea Spatial Planning Review, 86, 3-15.

Choi, Jihye and KIM, ILTAE. 2015, "The Relationship between Regional Economic Variables and Local Employment Growth", The Korea Spatial Planning Review, vol.86, pp.3-15. Available from: doi:10.15793/kspr.2015.86..001

Choi, Jihye, KIM, ILTAE "The Relationship between Regional Economic Variables and Local Employment Growth" The Korea Spatial Planning Review 86 pp.3-15 (2015) : 3.

Choi, Jihye, KIM, ILTAE. The Relationship between Regional Economic Variables and Local Employment Growth. 2015; 86 3-15. Available from: doi:10.15793/kspr.2015.86..001

Choi, Jihye and KIM, ILTAE. "The Relationship between Regional Economic Variables and Local Employment Growth" The Korea Spatial Planning Review 86(2015) : 3-15.doi: 10.15793/kspr.2015.86..001

Choi, Jihye; KIM, ILTAE. The Relationship between Regional Economic Variables and Local Employment Growth. The Korea Spatial Planning Review, 86, 3-15. doi: 10.15793/kspr.2015.86..001

Choi, Jihye; KIM, ILTAE. The Relationship between Regional Economic Variables and Local Employment Growth. The Korea Spatial Planning Review. 2015; 86 3-15. doi: 10.15793/kspr.2015.86..001

Choi, Jihye, KIM, ILTAE. The Relationship between Regional Economic Variables and Local Employment Growth. 2015; 86 3-15. Available from: doi:10.15793/kspr.2015.86..001

Choi, Jihye and KIM, ILTAE. "The Relationship between Regional Economic Variables and Local Employment Growth" The Korea Spatial Planning Review 86(2015) : 3-15.doi: 10.15793/kspr.2015.86..001