£23.99
High-Technology Development in Regional Economic Growth
Policy Implications of Dynamic Externalities
Publication History
This title was first published in 2003.
Regional Success and Industry Development
Korea has had considerable success in developing its high technology industries and these have become significant employers in this region.
Analysis and Models
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.
Findings
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.
Policy Implications
The implications for local economic development policy are outlined in a concluding section.
