Assessing the economic impact of innovative cities

Yunjun Kim

Policy Studies, 2025, vol. 46, issue 4, 603-627

Abstract: This study examines the effects of South Korea’s Innovative City (IC) policy, which aims to redistribute public institutions to local cities to alleviate urban congestion and mitigate regional disparities. Utilizing the synthetic control method, this study evaluates the policy’s influence on local productivity and investigates its spillover effects. The findings reveal a marked increase in productivity within rural cities, highlighting the policy’s efficacy in less urbanized areas. However, the outcomes vary across different locales, with some urban ICs experiencing productivity enhancements, while rural ICs near expanding urban areas do not. Additionally, the study observes limited spillover effects in cities near ICs, indicating that indirect benefits are not uniformly distributed.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/01442872.2024.2344673 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:cposxx:v:46:y:2025:i:4:p:603-627

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/cpos20

DOI: 10.1080/01442872.2024.2344673

Access Statistics for this article

Policy Studies is currently edited by Toby James

More articles in Policy Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().