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Article: Optimal Urban Population Size: National vs Local Economic Efficiency

TitleOptimal Urban Population Size: National vs Local Economic Efficiency
Authors
Issue Date2014
Citation
Urban Studies, 2014, v. 51, n. 2, p. 428-445 How to Cite?
AbstractThis paper explores whether the population size of the Seoul Metropolitan Area (SMA) in Korea is efficient in terms of the national economy. To undertake this analysis, a recursively dynamic interregional computable general equilibrium (ICGE) model with a population module is developed. In this model, the explicit costs and benefits of population growth are estimated by using the industrial value added and consumer price inflation functions for each region. The counter-factual analysis shows that national population decentralisation away from the SMA is desirable for Korea's economic growth. Korea's GDP is estimated to be maximised when the SMA's national population share is at 39 per cent in the short term and 35 per cent in the long term. However, the SMA government is likely to have incentive to maintain its population at around 40 per cent of the national population, where per capita income at the regional, not national, level is maximised. © 2013 Urban Studies Journal Limited.
Persistent Identifierhttp://hdl.handle.net/10722/202179
ISSN
2015 Impact Factor: 1.934
2015 SCImago Journal Rankings: 1.567
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorKim, Euijune-
dc.contributor.authorHewings, Geoffrey Jd D-
dc.contributor.authorNam, Kyungmin-
dc.date.accessioned2014-08-22T02:57:46Z-
dc.date.available2014-08-22T02:57:46Z-
dc.date.issued2014-
dc.identifier.citationUrban Studies, 2014, v. 51, n. 2, p. 428-445-
dc.identifier.issn0042-0980-
dc.identifier.urihttp://hdl.handle.net/10722/202179-
dc.description.abstractThis paper explores whether the population size of the Seoul Metropolitan Area (SMA) in Korea is efficient in terms of the national economy. To undertake this analysis, a recursively dynamic interregional computable general equilibrium (ICGE) model with a population module is developed. In this model, the explicit costs and benefits of population growth are estimated by using the industrial value added and consumer price inflation functions for each region. The counter-factual analysis shows that national population decentralisation away from the SMA is desirable for Korea's economic growth. Korea's GDP is estimated to be maximised when the SMA's national population share is at 39 per cent in the short term and 35 per cent in the long term. However, the SMA government is likely to have incentive to maintain its population at around 40 per cent of the national population, where per capita income at the regional, not national, level is maximised. © 2013 Urban Studies Journal Limited.-
dc.languageeng-
dc.relation.ispartofUrban Studies-
dc.titleOptimal Urban Population Size: National vs Local Economic Efficiency-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1177/0042098013489737-
dc.identifier.scopuseid_2-s2.0-84891046779-
dc.identifier.volume51-
dc.identifier.issue2-
dc.identifier.spage428-
dc.identifier.epage445-
dc.identifier.eissn1360-063X-
dc.identifier.isiWOS:000328727000012-

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