The Impact of Education and R&D Investment on Regional Economic Growth

被引：45
|
作者：
Woo, Youngjin [1 ]
Kim, Euijune [1 ]
Lim, Jaewon [2 ]
机构：
[1] Seoul Natl Univ, Dept Agr Econ & Rural Dev, Seoul 08826, South Korea
[2] Univ Nevada, Greenspun Coll Urban Affairs, Sch Publ Policy & Leadership, Las Vegas, NV 89154 USA
来源：
SUSTAINABILITY | 2017年 / 9卷 / 05期
关键词：
education and R&D investment; human capital; brain drain; migration; regional economic divergence; HUMAN-CAPITAL ACCUMULATION; QUALITY-OF-LIFE; INCREASING RETURNS; MIGRATION; UNIVERSITY; MOBILITY; POLICY; MODEL;
D O I：
10.3390/su9050676
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
The purpose of this paper is to examine the impact of education and R&D investment on regional economic growth in South Korea. We develop a simultaneous model of production, human capital accumulation, migration, population and physical capital investment of two regions: the Seoul Metropolitan Area and the rest of Korea. We decompose the regional growth path into a quality path and a quantity path to identify how regional economies grow and run simulations to evaluate alternative policies in terms of effectiveness and adaptability. The impact of education and R&D investment on regional growth in the rest of Korea is only 22.3% of that in the Seoul Metropolitan Area due to lower elasticity values of young in-migrants with respect to the investment in the rest of Korea. An enhanced efficiency of regional human capital accumulation is effective and adaptable to alleviate regional economic disparity.
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页数：18
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