Effects of Industrial Concentration and Diversity on Economic Growth in Local Industrial Cities: Asan, Ansan, Geoje, Gwangyang City

Kim, Seon Myung; Song, Chang Sik; Technopark, Gyeonggi

doi:10.26847/mspa.2018.28.1.71

Cited by 2 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…South Korea has produced vast research on the relationship between industrial agglomeration and economic development in urban areas, but there are limited studies on the current situation of industrial agglomeration and its relationship with regional economic development in rural areas. Shim (2008), Moon et al (2015), Kim et al (2018), and Zheng et al (2021) have reached similar conclusions on the impact of industrial diversification on urban economic development. They all believe that diversified industrial structure contributes to the needs of economic development of large cities, while, for small cities, specialized industrial structure can stimulate economic vitality [1,7,9,10].…”

Section: Introductionmentioning

confidence: 70%

“…Shim (2008), Moon et al (2015), Kim et al (2018), and Zheng et al (2021) have reached similar conclusions on the impact of industrial diversification on urban economic development. They all believe that diversified industrial structure contributes to the needs of economic development of large cities, while, for small cities, specialized industrial structure can stimulate economic vitality [1,7,9,10]. The purpose of this article is to explore the potential relationship between diversified industrial agglomeration and regional economic development in rural areas, that is, whether a high or low level of industrial diversification is beneficial to economic development.…”

Section: Introductionmentioning

confidence: 70%

“…The results of the study indicated that for the capital area, the improvement in the level of industrial diversification can promote the development of the regional economy; for non-capital areas with a population of more than 300,000, industrial specialization contributes to the development of the regional economy; for cities with a population of less than 300,000, the diversification of industries has no significant impact on regional economic growth. Kim et al (2018) studied the impact of industrial concentration and diversification on the economic growth of local cities and concluded that in times of economic recession, specialized industrial development strategies have a greater negative externality on the regional economy [9]. Zheng et al (2021) conducted an empirical analysis on the relationship between industrial agglomeration, urban population size, and economic development, and concluded that cities that are midsized and above should choose a diversified industrial agglomeration model, and that the "small and fine" specialized industrial agglomeration model is more consistent with the economic development of small cities [7].…”

Section: Research On Industrial Agglomeration and Its Relationship Wi...mentioning

confidence: 99%

“…Zheng (2021) conducted an empirical analysis of the relationship between industrial agglomeration, urban population size, and economic development, using the reciprocal of HHI, i.e., 1/HHI, to measure the degree of industrial diversification agglomeration [7]. Kim et al (2018) studied the impact of industrial concentration and diversification on the economic growth of local industrial cities, and then used HHI to measure the level of industrial diversification. The smaller the HHI value, the higher the level of industrial diversification [9].…”

Section: Herfindal-hirschman Index (Hhi)mentioning

confidence: 99%

“…Kim et al (2018) studied the impact of industrial concentration and diversification on the economic growth of local industrial cities, and then used HHI to measure the level of industrial diversification. The smaller the HHI value, the higher the level of industrial diversification [9].…”

Section: Herfindal-hirschman Index (Hhi)mentioning

confidence: 99%

See 4 more Smart Citations

Analysis of Industrial Diversification Level of Economic Development in Rural Areas Using Herfindahl Index and Two-Step Clustering

Zaewoong

Bae

et al. 2022

Sustainability

View full text Add to dashboard Cite

The purpose of this study is to analyze the possible relationship between industrial structure and economic development in rural areas in South Korea. Accordingly, this study uses the Herfindahl–Hirschman Index and a two-step cluster analysis method to conduct an empirical analysis of the rural areas of Chungcheongbuk-do as the research object. The results show that among the 11 regions with concentrated industrial structures, the cluster results of 2 regions changed from the decentralized low employment cluster in 2010 to a concentrated high employment cluster in 2015, while the cluster results of other regions remained unchanged. Among the 18 regions with decentralized industrial structure, the cluster results of 5 regions changed from the concentrated high employment cluster in 2010 to the decentralized low employment cluster. Meanwhile, the cluster results of three regions changed from the decentralized low employment cluster in 2010 to the concentrated high employment cluster in 2015, while the cluster results of other regions remained unchanged. Based on this, it can be concluded that, for general rural areas, a low level of industrial diversification, that is, a concentrated industrial structure, is more conducive to promoting the economic development of rural areas. However, there is a special case, namely that rural areas with certain specific advantages, a high level of industrial diversification, or a decentralized industrial structure are more conducive to the development of the regional economy.

show abstract