콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Social Development Education

Print

How large are local human capital spillovers? : Evidence from Korea

Related Document
Frame of Image


Full Text
Title How large are local human capital spillovers?
Similar Titles
Sub Title

Evidence from Korea

Material Type Articles
Author(English)

Park, Wooram

Publisher

Sejong, South Korea : Korea Development Institute

Date 2016-12
Journal Title; Vol./Issue KDI Journal of Economic Policy:vol. 38(no. 4)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Education
Holding Korea Development Institute
License

Abstract

This paper examines the empirical magnitude of local human capital spillovers in Korea during the 1980s and mid-1990s. Local human capital spillovers exists if plants in regions with a higher level of human capital can produce more given their own amount of input (Moretti 2004c). In particular, this paper explores an educational reform in South Korea which exogenously induced a large amount of variation in regional human capital levels. Using annually collected plant level data, I explore the effect of changes in the regional human capital levels induced by this reform on plant productivity in Korea. My results suggest that this effect is limited. I find a positive correlation between a regional level of human capital and plant productivity. However, after further addressing endogeneity using an instrumental variable, the effect of the overall regional human capital level on productivity decreases and becomes statistically insignificant.