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

Jin Suk Park, Y-J. Seo

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15 Citations (Scopus)
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Abstract

This study reveals the economic impact of seaports on regions in Korea. Econometrics analysis employing an augmented Solow model is conducted based on the panel data covering all the regions of Korea over the period 2000–2013. The econometrics analysis shows that cargo ports without sufficient throughput obstruct regional economic growth, whilst cargo ports contribute to regional economic growth only when they have sufficient throughput. Furthermore, the result indicates that container port activities positively affect regional economic growth, whilst port investment indirectly leads to economic growth. This study contributes to the better understanding of the role of ports in Korean economies.

NOTICE: this is the author’s version of a work that was accepted for publication in Transportation Research Part E: Logistics and Transportation Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Transportation Research Part E: Logistics and Transportation Review, [85, (2016)] DOI: 10.1016/j.tre.2015.11.009

© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Original languageEnglish
Pages (from-to)107-119
Number of pages13
JournalTransportation Research Part E: Logistics and Transportation Review
Volume85
Early online date12 Dec 2015
DOIs
Publication statusPublished - Jan 2016

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regional economy
South Korea
economic growth
Economics
econometrics
Korea
evidence
logistics
Logistics
formatting
Throughput
quality control
peer review
economic impact
license
attribution
Quality control
Containers
economy
Regional economy

Bibliographical note

Due to the publisher's policy, the full text of this paper won't be available on Curve until 12th June 2017.

Keywords

  • Impact of seaport
  • Regional economies
  • South Korea
  • Augmented Solow model
  • Port
  • Econometrics

Cite this

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abstract = "This study reveals the economic impact of seaports on regions in Korea. Econometrics analysis employing an augmented Solow model is conducted based on the panel data covering all the regions of Korea over the period 2000–2013. The econometrics analysis shows that cargo ports without sufficient throughput obstruct regional economic growth, whilst cargo ports contribute to regional economic growth only when they have sufficient throughput. Furthermore, the result indicates that container port activities positively affect regional economic growth, whilst port investment indirectly leads to economic growth. This study contributes to the better understanding of the role of ports in Korean economies.NOTICE: this is the author’s version of a work that was accepted for publication in Transportation Research Part E: Logistics and Transportation Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Transportation Research Part E: Logistics and Transportation Review, [85, (2016)] DOI: 10.1016/j.tre.2015.11.009{\circledC} 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/",
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AB - This study reveals the economic impact of seaports on regions in Korea. Econometrics analysis employing an augmented Solow model is conducted based on the panel data covering all the regions of Korea over the period 2000–2013. The econometrics analysis shows that cargo ports without sufficient throughput obstruct regional economic growth, whilst cargo ports contribute to regional economic growth only when they have sufficient throughput. Furthermore, the result indicates that container port activities positively affect regional economic growth, whilst port investment indirectly leads to economic growth. This study contributes to the better understanding of the role of ports in Korean economies.NOTICE: this is the author’s version of a work that was accepted for publication in Transportation Research Part E: Logistics and Transportation Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Transportation Research Part E: Logistics and Transportation Review, [85, (2016)] DOI: 10.1016/j.tre.2015.11.009© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

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