High-Technology Development in Regional Economic Growth
Policy Implications of Dynamic Externalities
This title was first published in 2003. Korea has had considerable success in developing its high technology industries and these have become significant employers in this region. 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. 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. The implications for local economic development policy are outlined in a concluding section. -
Table of Contents
1. Introduction. 2. Theoretical Background and Policy Issues. 3. Research Questions and Modeling Strategy. 4. Empirical Findings. 5. Summary and Policy Implications.
Byung-Rok Choi is the Deputy Director-General of Economic Policy Analysis within the Office of the Prime Minister for the Government of Korea, South Korea
’This book provides original and innovative insights into the processes creating new types of agglomerations of high-tech industry, instructing policy makers of their range of options when path dependence and positive feedbacks are present.’ Brian J.L. Berry, The University of Texas at Dallas, USA