Regional business cycles and employment resilience in Korean regions

Bibliographic Data

ID13103756
AuthorsDong‐Ju Kim (0009-0009-3092-753X, Korea Research Institute for Human Settlements, corresponding author), Saheum Hong
Year2018
Volume4
Issue3
Pages236-251
Publication date2018-12-05
Open AccessNo
TypeARTICLE
VenueArea Development and Policy (JOURNAL)
Journal identifiersISSN: 2379-2949 • E-ISSN: 2379-2957
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/23792949.2018.1537718
OpenAlexW2903366516
LanguageEN
References cited15

Monthly employment data were used to analyze regional business cycles and measure the regional employment resilience of 16 South Korean metropolitan areas and provinces in the aftermath of the 2008 global economic crisis. Indicators of resilience in both a shock-induced contraction phase and a post-shock recovery phase enabled the classification of regions into four groups. An analysis of these groups showed that industrial diversification, research and development expenses and regional investments were conducive to stimulating regional employment resilience, while labour and financial markets that had a low level of heterogeneity across regions were associated with no observable impact

Business · Business cycle · Diversification (marketing strategy · Economic geography · Economics · Financial crisis · Geography · Macroeconomics · Metropolitan area · Psychological resilience · Resilience (materials science · Shock (circulatory · Migration, Aging, and Tourism Studies · Regional Economics and Spatial Analysis · Regional resilience and development

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