Analyzing impacts of Vietnam’s North–South highway on creation of regional cluster
Euijune Kim (),
Min Jiang () and
Byula Kim ()
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Euijune Kim: Seoul National University
Min Jiang: Seoul National University
Byula Kim: Seoul National University
Asia-Pacific Journal of Regional Science, 2022, vol. 6, issue 2, No 8, 617-633
Abstract:
Abstract This paper identifies the influence of Vietnam’s North–South (NS) highway on the creation of regional clusters through spatial simultaneous equation models and spatial cluster analysis. The models showed that the creation of a highway leads to a spatial redistribution of economic activities and the emergence of a new regional cluster in the South Central Coast Region. These results reveal that the improved level of accessibility stimulated by highway development has the potential to increase employment by 0.65% and GDP by 1.01%. Additionally, the construction of the NS highway generates positive economic effects on the less-developed regions in the country, such as the South Central Coast Area, whereas negative effects are seen in the more relatively developed regions of Hanoi and Ba Ria-Vung Tau.
Keywords: Transportation investment; Regional economic growth; Regional cluster; Spatial economic analysis (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s41685-022-00230-1
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