REGIONAL INCOME DISTRIBUTION IN SOUTH KOREA

Suk Bum Yoon

Journal of the Asia Pacific Economy, 2000, vol. 5, issue 1-2, 57-72

Abstract: This work repudiates the claim that economic benefits are not distributed equally among provinces and cities in Korea because political elites have favoured the region of Youngnam from which most of them have come. It measures income distribution by estimating the relationship between the percentiles of income of the poorest and the richest, and using the Gini coefficient finds that regional income distribution in Korea has been relatively very fair. The study also examines patterns of poverty in the context of patterns in industrialization, finding a negative relationship between poverty rankings and rankings of the manufacturing share, a positive relationship between poverty rankings and rankings of the finance/insurance share and no uniform pattern between poverty rankings and rankings of the agricultural share. It offers several reasons for these findings.

Date: 2000
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DOI: 10.1080/13547860008540783

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