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Transportation infrastructure investment and the location of new manufacturing around South Korea's West Coast Expressway

Hyungtai Kim, Sanghoon Ahn and Gudmundur F. Ulfarsson

Transport Policy, 2018, vol. 66, issue C, 146-154

Abstract: This study analyzes the impact of the opening of the West Coast Expressway in Korea on the location of new manufacturing establishments near the road. The expressway opened in December 2001 and connects the Seoul Metropolitan area with Jeolla province. Major construction goals were to stimulate the industrial development of nearby regions and improve the traffic flow around existing industrial complexes. The analysis used panel data for the ten years of 1997 through 2006. The database was developed from the annual Korea Mining and Manufacturing Survey and other sources.

Keywords: Manufacturing location; Firm establishment; Economic development; Social overhead capital; Accessibility; Agglomeration (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:trapol:v:66:y:2018:i:c:p:146-154