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Agglomeration economies in Korean export activities : China, Japan and South Korea

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  • Agglomeration economies in Korean export activities
  • Hong, Sung Hyo
  • Statistics Korea


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Title Agglomeration economies in Korean export activities
Similar Titles
Sub Title

China, Japan and South Korea

Material Type Articles
Author(English)

Hong, Sung Hyo

Publisher

[Daejeon]:Statistics Korea

Date 2015
Journal Title; Vol./Issue 통계연구:Vol. 20(No. 2)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Manufacturing
Holding Statistics Korea

Abstract

This paper examines the hypothesis that information on foreign markets plays a key role in lowering sunk entry costs associated with exporting but as a club good, i.e., it is shared among nearby firms only. According to the empirical results based on a continuous hazard model using individual establishment-level data in the Korean manufacturing sector, as the number of exporters in a given area-industry increases by its one standard deviation (11.47), the likelihood for a local firm in the same area-industry to start exporting in the following year rises by 19.68%. In addition, this probability is affected by the duration from being established to starting to export. As the local firm remains as a non-exporter for one more year, the possibility to start exporting in the next year falls by 4.6%. The additional results under the assumption of Weibull distribution and from discrete hazard models appear very similar.