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The effects of trade openness on regional inequality in South Korea

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  • The effects of trade openness on regional inequality in South Korea
  • Heo, Soojeong; Oh, Jinhwan
  • European Regional Science Association


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Title The effects of trade openness on regional inequality in South Korea
Similar Titles
Material Type Articles
Author(English)

Heo, Soojeong; Oh, Jinhwan

Publisher

[Lisbon, Portugal]:European Regional Science Association

Date 2015-08
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Social Development < Employment
Holding European Regional Science Association

Abstract

This purpose of this paper is to analyze the effect of trade openness on the regional inequality of South Korea. Trade has been the driving force of South Korea’s economic growth since the 1960s and it still expands its trade openness through active participation in bilateral and multilateral free trade agreements. With regard to those facts, this study measures the impact of South Korea’s trade openness on the country’s regional inequality using several subnational panel datasets covering between 2003 and 2012. All datasets for the 16 regional units (nine provinces and seven metropolitan cities) of South Korea are collected from archival materials of the Korean Statistical Information Service (KOSIS). The dependent variable is the growth rate of GDP per capita from 2000 to 2012, while the explanatory variables include human capital, trade openness, infrastructure, and per capita income. More specifically, human capital is measured by the number of people who have achieved a university level education, and infrastructure is measured by either road density or per capita number of cars, depending on data availability. (The rest omitted)

User Note

55th Congress of the European Regional Science Association: "World Renaissance:
Changing roles for people and places", 25-28 August 2015, Lisbon, Portugal