High-Technology Development in Regional Economic Growth: Policy Implications of Dynamic Externalities...

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Byung-Rok Choi

High-Technology Development in Regional Economic Growth

Policy Implications of Dynamic Externalities

Byung-Rok Choi

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English

Routledge
15 October 2020

Macroeconomics; Economic growth; Development economics; Regional & area planning

Series: Routledge Revivals

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. -

By: Byung-Rok Choi
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 218mm, Width: 150mm,
Weight: 244g
ISBN: 9781138725140
ISBN 10: 1138725145
Series: Routledge Revivals
Pages: 120
Publication Date: 15 October 2020
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

1. Introduction. 2. Theoretical Background and Policy Issues. 3. Research Questions and Modeling Strategy. 4. Empirical Findings. 5. Summary and Policy Implications.

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

Reviews for High-Technology Development in Regional Economic Growth: Policy Implications of Dynamic Externalities

’This book provides original and innovative insights into the processes creating new types of agglomerations of high-tech industry, instructing policy makers of their range of options when path dependence and positive feedbacks are present.’ Brian J.L. Berry, The University of Texas at Dallas, USA