 ECONOMIC IMPACTS OF SEOUL'S JOB DECENTRALIZATION: A METROPOLITAN INPUT–OUTPUT ANALYSISMyung‐Jin Jun Journal of Regional Science, 2009, vol. 49, issue 2, 311-327 Abstract: ABSTRACT This study analyzes the economic impacts of job decentralization with the aid of the Seoul metropolitan input–output model (SMIO) for the Seoul Metropolitan Area (SMA). Two main features can be highlighted: modeling perspective and simulation results. The SMIO is a pioneering work in the application of this type of metropolitan input–output analysis to the real world by taking into account the spatial and industrial relationships of multiplier effects simultaneously within a metropolitan economic system. The simulation results show that job decentralization results in a serious spatial and industrial restructuring of the metropolitan economy, and that the SMA gains significant economic benefits from job decentralization, no matter where the job expansion takes place within the metropolitan region. Interesting to find is that job decentralization generates positive induced effects for all scenarios through a virtuous circle of production, income formation, and consumption, given suburbanized population, which is one of the economic reasons why jobs follow people. Date: 2009 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:49:y:2009:i:2:p:311-327 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Regional Science is currently edited by Marlon G. Boarnet, Matthew Kahn and Mark D. Partridge More articles in Journal of Regional Science from Wiley Blackwell |
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