High-Technology Development in Regional Economic Growth
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A01=Byung-Rok Choi
Author_Byung-Rok Choi
Category=KCB
CBP Data
CMSA
Competing Policy Alternatives
Cumulative Causation Theory
Development
Economic
employment externalities
endogenous growth theory
Endogenous Technological Progress
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
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Growth
Hausman Specification Test
High Tech Development
High Tech Employment
High Tech Industry
High Technology Development
high-technology industries
Important Knowledge Spillovers
innovative simultaneous equation models
Jacobs Externalities
Knowledge Spillovers
Korea
MAR effects
MAR Externality
Multi-locational Firms
Neoclassical Economic Growth Theory
Neoclassical Growth Theory
OLS Estimation
Policy Issues
regional economic development
regional high-technology industry analysis
regional innovation systems
Sic Code
Simultaneous Equation Model
simultaneous equation modelling
small firm development
Time Series Models
Total Employment Growth
Total High Tech
Verdoorn's Law
Verdoorn’s Law
Product details
- ISBN 9781138725171
- Weight: 400g
- Dimensions: 152 x 229mm
- Publication Date: 15 Apr 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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. -
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
