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.

引用

页数：18

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