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An analysis on determinants of regional income disparity in Korea

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Frame of Image markable at the primary
stage of economic development, but the regional gap begins to expand at the stage of industrialization due to the symptom of take off , and then the gap comes to shrink because of changes of industrial structure and so forth. Since the mid 1980s, however, there has been a tendency for regional d i s p a r i t y in major advanced countries to be widened (Nagao(1993), Isigawa(1994), Mun-gu Huh(1995), Tanioka amada(2000)). Despite increased per capita income in the United States, Britain, Canada and Japan, regional disparity in those countries, which already experienced inverse U-shape pattern, has begun to show a U-shape pattern. That is to say, a new pattern of convergence divergence reconvergence has emerged.
Recently, there has been widening a sign of indicating that regional disparity by per capita income in Korea is the again as the country has undergone substantial changes such as the acceptance of IMF reform program in the wake of Asian currency crisis and transformation into knowledge-based economy. After the mid 1980s, major advanced countries witnessed their regional disparity was widening, and since the mid 1990s, a decade later, the same phenomenon has appeared in Korea.
Relatively little attention has been paid to widening gap in per capita income between regions compared with the issue of unbalance of overall economic power between Seoul metropolitan region(SMR; Seoul, Incheon, Gyeonggi) and the rest regions of the country. As a result, com


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Title An analysis on determinants of regional income disparity in Korea
Similar Titles
Material Type Reports
Author(English)

Huh, Mun-gu

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2006
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 11(no. 4)
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KIET; KDI School

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