The impact of seaports on the regional economies in South Korea: Panel evidence from the augmented Solow model
•Cargo ports boost regional economic growth only with sufficient throughput.•Insufficient cargo throughput undermines regional economic growth.•Container ports significantly enhance regional economic growth.•Port investment affects economic growth through cargo and container throughput. This study r...
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| Veröffentlicht in: | Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2016-01, Vol.85, p.107-119 |
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| container_title | Transportation research. Part E, Logistics and transportation review |
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| creator | Park, Jin Suk Seo, Young-Joon |
| description | •Cargo ports boost regional economic growth only with sufficient throughput.•Insufficient cargo throughput undermines regional economic growth.•Container ports significantly enhance regional economic growth.•Port investment affects economic growth through cargo and container throughput.
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. |
| doi_str_mv | 10.1016/j.tre.2015.11.009 |
| format | Article |
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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.</description><identifier>ISSN: 1366-5545</identifier><identifier>EISSN: 1878-5794</identifier><identifier>DOI: 10.1016/j.tre.2015.11.009</identifier><identifier>CODEN: TRERFW</identifier><language>eng</language><publisher>Exeter: Elsevier India Pvt Ltd</publisher><subject>Augmented Solow model ; Cargo ; Cargos ; Econometric analysis ; Econometrics ; Economic development ; Economic growth ; Economic impact ; Economics ; Growth models ; Impact of seaport ; Panels ; Port ; Ports ; Regional ; Regional economies ; South Korea ; Studies ; Transportation</subject><ispartof>Transportation research. Part E, Logistics and transportation review, 2016-01, Vol.85, p.107-119</ispartof><rights>2015 Elsevier Ltd</rights><rights>Copyright Elsevier Sequoia S.A. Jan 2016</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c465t-471f4ace5c34c28429166707b91f2dac3ef6cdfaf7f64102d2fa7786a5b4d9973</citedby><cites>FETCH-LOGICAL-c465t-471f4ace5c34c28429166707b91f2dac3ef6cdfaf7f64102d2fa7786a5b4d9973</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/S1366554515002124$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3537,27901,27902,65306</link.rule.ids></links><search><creatorcontrib>Park, Jin Suk</creatorcontrib><creatorcontrib>Seo, Young-Joon</creatorcontrib><title>The impact of seaports on the regional economies in South Korea: Panel evidence from the augmented Solow model</title><title>Transportation research. Part E, Logistics and transportation review</title><description>•Cargo ports boost regional economic growth only with sufficient throughput.•Insufficient cargo throughput undermines regional economic growth.•Container ports significantly enhance regional economic growth.•Port investment affects economic growth through cargo and container throughput.
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| identifier | ISSN: 1366-5545 |
| ispartof | Transportation research. Part E, Logistics and transportation review, 2016-01, Vol.85, p.107-119 |
| issn | 1366-5545 1878-5794 |
| language | eng |
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| source | Elsevier ScienceDirect Journals |
| subjects | Augmented Solow model Cargo Cargos Econometric analysis Econometrics Economic development Economic growth Economic impact Economics Growth models Impact of seaport Panels Port Ports Regional Regional economies South Korea Studies Transportation |
| title | The impact of seaports on the regional economies in South Korea: Panel evidence from the augmented Solow model |
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