The role of seaports in regional employment: evidence from South Korea
Young-Joon Seo and
Jin Suk Park
Regional Studies, 2018, vol. 52, issue 1, 80-92
The role of seaports in regional employment: evidence from South Korea. Regional Studies. This study examines the seaport’s influence on regional employment in all 16 regions of Korea, including seven metropolitan areas, based on panel data between 2002 and 2013. It expands an economic model of regional unemployment from labour economics and an autoregressive model from econometrics by employing port potentials separately estimated in a Tobit model. The result indicates that port activities significantly reduce regional unemployment rates relative to the national level. The role of population, gross domestic product (GDP) and household income on unemployment rate was highlighted, whilst various determinants of port potentials were investigated about whether they stimulate port potentials.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:52:y:2018:i:1:p:80-92
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