The impact of seaports on the regional economies in South Korea: Panel evidence from the augmented Solow model

Park, Jin Suk; Seo, Young-Joon

doi:10.1016/j.tre.2015.11.009

Cited by 80 publications

(57 citation statements)

References 50 publications

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“…In an analysis of 120 port regions from 13 European countries, Bottasso et al (2014) revealed that ports increase the GDP of regions in which they are located, and also influence neighbouring regions' GDP positively. Park and Seo's (2016) investigation of South Korean port regions found that the container throughput of a port has a positive effect on regional economic growth. Thus, we hypothesise that:…”

Section: H1 (F )mentioning

confidence: 99%

The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade

2018

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Considering 91 countries with seaports, this study conducted an empirical inquiry into the broader economic contribution of seaborne trade, from a port infrastructure quality and logistics performance perspective. Investment in quality improvement of port infrastructure and its contribution to economy are often questioned by politicians, investors and general public. A structural equation model (SEM) is used to provide empirical evidence of significant economic impacts of port infrastructure quality and logistics performance. Furthermore, analysis of a multigroup SEM is performed by dividing countries into developed and developing economy groups. The results reveal that it is vital for developing countries to continuously improve the quality of port infrastructure as it contributes to better logistics performance, leading to higher seaborne trade, yielding higher economic growth. However, this association weakens as the developing countries become richer.

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Section: H1 (F )mentioning

confidence: 99%

The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade

2018

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“…Recently, a major number of studies have been devoted to investigating the effect of seaport investment on national economic growth. The findings of these studies [1][2][3][7][8][9][10][11][12][13] showed that there is a positive relationship between seaport investment and economic growth. Most previous researchers used a production function approach to estimate the effects of seaport investment infrastructure on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Seaport is seen as a determinant of the economic growth, it contributes to the development of economic sectors and to the generation of economic benefits [1][2][3]. Political evaluation of economic impacts of a seaport is usually effectuated by the government to motivate the request for public funds for developing the existing infrastructure or to constructing a new seaport or to justify its social costs.…”

Section: Introductionmentioning

confidence: 99%

Impacts of Seaport Investment on the Economic Growth

Jouili

Allouche

2016

PROMET

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“…Papers on transport development generally emphasise the positive impacts of transport facilities in aggregated terms that can lower transport costs and improve accessibility (Gallup et al, 1999;Limao and Venables, 2001;Harringan and Venables, 2006;Behrens et al, 2009;Jiwittanakulpaisarn et al, 2010;Li and Li, 2013;Tong et al, 2013;Park and Seo, 2016). According to some of the economic geography literature, lower transport costs influence the production decisions of a firm as well as the spatial division of production (Krugman, 1980;Beckmann and Thisse, 1986;Behrens and Picard, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

“…(2015) illustrate that only road development brings positive effects to regional production while the other transport modes do not show a clear impact on regional economy. Park and Seo (2016) aggregate the impact of seaports on the regional economies in Korea, adopting regional GDP including fishery and agriculture, manufacturing, and service activities. These papers use an aggregated concept of economic growth which, however, prevents them from investigating specific impacts of a port on each manufacturing industry, each establishment, and over different periods.…”

Section: Literature Reviewmentioning

confidence: 99%

Spatial effects of container ports on production of the leather, bag and shoe industry in Korea

Park¹,

Medda²

2018

IJSTL

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Container port operations are widely regarded as being beneficial to regional economies, particularly in aggregated terms. The present paper examines this common knowledge in the specific case of the leather, bag and shoe industry in Korea. The authors use two panel datasets of the industry, one dataset of 16 regions and the other dataset of enduring establishments from 1991 to 2011. In our analysis with panel data of the regions, the authors find that an increase of container throughput in ports affects production of the industry positively during the examined period. When dividing the examined period into two periods, the authors observe the negative effects during the period before 2003 and primarily in the groups of regions without large ports. The panel data model of enduring establishments presents a negative coefficient of port throughput on production. The contradictory results may be caused by the characteristics of the two different panels.

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The impact of seaports on the regional economies in South Korea: Panel evidence from the augmented Solow model

Cited by 80 publications

References 50 publications

The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade

The impacts of port infrastructure and logistics performance on economic growth: the mediating role of seaborne trade

Impacts of Seaport Investment on the Economic Growth

Spatial effects of container ports on production of the leather, bag and shoe industry in Korea

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