This title was first published in 2003. Korea has had considerable
success in developing its high technology industries and these have
become significant employers in this region. By analysing the
situation in Korea, this book explores the effects of dynamic
externalities on the growth of regional employment in the
high-technology industries. It puts forward innovative simultaneous
equation models to test three sets of hypotheses related to
so-called 'Jacobs', and 'MAR' effects, differentiated by firm size,
organizational type and product. Clear evidence is found for
endogenous technological progress marked by positive feedback,
especially for small firms in diversified high-technology enclaves.
There are technological externalities associated with knowledge
spillovers, and local employment has indirect effects on employment
growth via dynamic externalities. The implications for local
economic development policy are outlined in a concluding section. -
General
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