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The Relationship Between Local Employment Growth and Regional Economic Growth: Evidence from Korea

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Applied Analysis of Growth, Trade, and Public Policy

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Abstract

Job creation and economic growth are considered as main issues in economic policies around the world. Specifically Korea has experienced low and jobless economic growth in the recent past. Employment problem is one of the sensitive issues framing national and regional economic policies in Korea. In this context, it is important to capture the relationship between the employment and economic growth in any Korean regional economy.

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Notes

  1. 1.

    The data of Ulsan ranges from 1998 to 2013 because it was raised to the status of metropolitan city in 1998.

  2. 2.

    See StataCorp (2005, pp.231).

  3. 3.

    See Stolbov (2015, pp.15).

  4. 4.

    See Pedroni (2001, pp.93–94).

  5. 5.

    Vector Autoregressive (VAR) model is used a lot for forecasting of economic time series. In the vector system, two or more variables are handled as endogenous variables, and the dynamic change of these variables is found by their lag value.

  6. 6.

    See Choi and Kim (2015, pp7–8).

  7. 7.

    The lag length is chosen 2, as per the Akaike information criterion (AIC).

  8. 8.

    Ulsan Metropolitan City has been promoted to metropolitan city since 1998, so the data for 3 years are missing.

  9. 9.

    Elimination of the dependence on nuisance parameter and the heterogeneity problem.

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Author information

Authors and Affiliations

  1. Chonnam National University, Gwangju, South Korea

    Jihye Choi & Iltae Kim

Authors
  1. Jihye Choi
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  2. Iltae Kim
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Corresponding author

Correspondence to Iltae Kim .

Editor information

Editors and Affiliations

  1. Faculty of Economics, Kumamoto Gakuen University, Kumamoto, Japan

    Moriki Hosoe

  2. Chonnan National University, Gwangju, Korea (Republic of)

    Iltae Kim

  3. Faculty of Economics, Chuo University, Hachioji, Tokyo, Japan

    Masahiro Yabuta

  4. Keimyung University, Daegu, Korea (Republic of)

    Woohyung Lee

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Choi, J., Kim, I. (2018). The Relationship Between Local Employment Growth and Regional Economic Growth: Evidence from Korea. In: Hosoe, M., Kim, I., Yabuta, M., Lee, W. (eds) Applied Analysis of Growth, Trade, and Public Policy. Springer, Singapore. https://doi.org/10.1007/978-981-13-1876-4_3

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  • DOI: https://doi.org/10.1007/978-981-13-1876-4_3

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-13-1875-7

  • Online ISBN: 978-981-13-1876-4

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