{"title":"创新城市项目对地方经济的影响——以2012 - 2014年韩国创新城市项目为例","authors":"Seongmin Seo , Do Won Kwak","doi":"10.1016/j.asieco.2023.101677","DOIUrl":null,"url":null,"abstract":"<div><p>This study employs a difference-in-differences approach to investigate the impact of the Korean Innovation City Project (KICP) on employment and productivity. KICP is a place-based policy that involved relocating public institutions and providing economic incentives to attract businesses. Our findings show that newly established businesses experienced positive employment effects mainly in the nontradable sector, but temporary negative productivity effects in the tradable sector. We also identified significant positive spillover effects on productivity for incumbent businesses. Moreover, our results suggest that the effectiveness of place-based policies should consider sectoral heterogeneity, between-firm spillover, and lasting effects.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"90 ","pages":"Article 101677"},"PeriodicalIF":2.9000,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The impact of the innovation city project on the local economy: Evidence from Korean Innovation City Project from 2012 to 2014\",\"authors\":\"Seongmin Seo , Do Won Kwak\",\"doi\":\"10.1016/j.asieco.2023.101677\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This study employs a difference-in-differences approach to investigate the impact of the Korean Innovation City Project (KICP) on employment and productivity. KICP is a place-based policy that involved relocating public institutions and providing economic incentives to attract businesses. Our findings show that newly established businesses experienced positive employment effects mainly in the nontradable sector, but temporary negative productivity effects in the tradable sector. We also identified significant positive spillover effects on productivity for incumbent businesses. Moreover, our results suggest that the effectiveness of place-based policies should consider sectoral heterogeneity, between-firm spillover, and lasting effects.</p></div>\",\"PeriodicalId\":47583,\"journal\":{\"name\":\"Journal of Asian Economics\",\"volume\":\"90 \",\"pages\":\"Article 101677\"},\"PeriodicalIF\":2.9000,\"publicationDate\":\"2023-11-13\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Asian Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1049007823000970\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Asian Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1049007823000970","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
The impact of the innovation city project on the local economy: Evidence from Korean Innovation City Project from 2012 to 2014
This study employs a difference-in-differences approach to investigate the impact of the Korean Innovation City Project (KICP) on employment and productivity. KICP is a place-based policy that involved relocating public institutions and providing economic incentives to attract businesses. Our findings show that newly established businesses experienced positive employment effects mainly in the nontradable sector, but temporary negative productivity effects in the tradable sector. We also identified significant positive spillover effects on productivity for incumbent businesses. Moreover, our results suggest that the effectiveness of place-based policies should consider sectoral heterogeneity, between-firm spillover, and lasting effects.
期刊介绍:
The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.