The spatial dynamics of growth and convergence in Korean regional incomes
- Authors
- Evans, Paul; Kim, Ji Uk
- Issue Date
- Nov-2014
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- R11; O11; knowledge spillover; spatial Durbin model; dynamic panel; regional convergence
- Citation
- APPLIED ECONOMICS LETTERS, v.21, no.16, pp 1139 - 1143
- Pages
- 5
- Journal Title
- APPLIED ECONOMICS LETTERS
- Volume
- 21
- Number
- 16
- Start Page
- 1139
- End Page
- 1143
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/11610
- DOI
- 10.1080/13504851.2014.914133
- ISSN
- 1350-4851
1466-4291
- Abstract
- We investigate whether the convergence hypothesis in 13 Korean regional economies for the period 1985 to 2011 exists allowing technological spillover and spatial interdependence. We use the spatial dynamic panel data approach including the spatial Durbin model. When we use the spatial lag model (SAM) with spatial fixed, we find that there is a positive spillover effect of growth among Korean regions and that convergence speed rate is faster than the model without spatial interdependence. However, when we use the SAM with time period fixed, or spatial fixed and time-period fixed effects, these results do not support convergence hypothesis of regional incomes. Therefore, we have to be careful to approach conclusion about convergence hypothesis in Korean regional incomes.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - College of Business & Economics > School of Economics > 1. Journal Articles
![qrcode](https://api.qrserver.com/v1/create-qr-code/?size=55x55&data=https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/11610)
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.