Title: High-Technology Development in Regional Economic Growth: Policy Implications of Dynamic Externalities (Routledge Revivals)
Publisher: Routledge
Publication Date: 2021
Language: English
ISBN 10: 113872517X
ISBN 13: 9781138725171
Binding: Hardcover
Edition: 1st Edition
Condition: New

About this title

Synopsis

This title was first published in 2003. Korea has had considerable success in developing its high technology industries and these have become significant employers in this region. By analysing the situation in Korea, this book explores the effects of dynamic externalities on the growth of regional employment in the high-technology industries. It puts forward innovative simultaneous equation models to test three sets of hypotheses related to so-called 'Jacobs', and 'MAR' effects, differentiated by firm size, organizational type and product. Clear evidence is found for endogenous technological progress marked by positive feedback, especially for small firms in diversified high-technology enclaves. There are technological externalities associated with knowledge spillovers, and local employment has indirect effects on employment growth via dynamic externalities. The implications for local economic development policy are outlined in a concluding section. -

About the Author

Byung-Rok Choi is the Deputy Director-General of Economic Policy Analysis within the Office of the Prime Minister for the Government of Korea, South Korea

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