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@article{ART002147500},
author={Youngsung Lee},
title={Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2016},
volume={90},
pages={37-50},
doi={10.15793/kspr.2016.90..003}

TY - JOUR
AU - Youngsung Lee
TI - Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry
JO - The Korea Spatial Planning Review
PY - 2016
VL - 90
IS - null
PB - 국토연구원
SP - 37
EP - 50
SN - 1229-8638
AB - Lee(2014) found that the wage per worker increased significantly due to competition among firms in the labor market in South Korea’s manufacturing industries and the portion determined by this competition in the average industry wage weakened agglomeration of the manufacturing industry. Regretably, he measured agglomeration only in terms of labor. It should be noted that capital stock in manufacturing industry contributes much more in production and value-added. If capital stock increases responding to the increase in average wage due to firms’ competition in labor market, it is difficult to say that firms’ competition weakens agglomeration. According to this research, it is found that no industry experienced increases in capital stock. In the case of chemistry, oil, metal, non-metal, steel, electronics, electrics, and auto industry, capital stock decreased more than the increase in average wage due to competition among firms. Interestingly, average wage itself, not the portion in average wage determined by competition among firms, made an increase in capital stock of manufacturing industries.
KW - Agglomeration Economy;Agglomeration Diseconomy;Labor Market;Wage;Agglomeration
DO - 10.15793/kspr.2016.90..003
ER -

Youngsung Lee. (2016). Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry. The Korea Spatial Planning Review, 90, 37-50.

Youngsung Lee. 2016, "Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry", The Korea Spatial Planning Review, vol.90, pp.37-50. Available from: doi:10.15793/kspr.2016.90..003

Youngsung Lee "Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry" The Korea Spatial Planning Review 90 pp.37-50 (2016) : 37.

Youngsung Lee. Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry. 2016; 90 37-50. Available from: doi:10.15793/kspr.2016.90..003

Youngsung Lee. "Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry" The Korea Spatial Planning Review 90(2016) : 37-50.doi: 10.15793/kspr.2016.90..003

Youngsung Lee. Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry. The Korea Spatial Planning Review, 90, 37-50. doi: 10.15793/kspr.2016.90..003

Youngsung Lee. Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry. The Korea Spatial Planning Review. 2016; 90 37-50. doi: 10.15793/kspr.2016.90..003

Youngsung Lee. Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry. 2016; 90 37-50. Available from: doi:10.15793/kspr.2016.90..003

Youngsung Lee. "Agglomeration Diseconomy due to Competition of Firms in Labor Market and Capital Accumulation of Manufacturing Industry" The Korea Spatial Planning Review 90(2016) : 37-50.doi: 10.15793/kspr.2016.90..003