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Regional `fortunes,' as measured by employment and population growth, shifted during the 1983-95 period, as the economy restructured, workers migrated, and persons immigrated to the United States Between 1983 and [...]

I. INTRODUCTION Recent changes in industrial structures, organization, regulations, and markets favor the location of economic activity in metropolitan areas over rural communities. For example, the principal growth sectors in [...]

INTRODUCTION A number of recent studies of regional income distribution have suggested growing income inequality in the U.S. during the 1980s. [1] This growing inequality has been attributed to the [...]

This study estimates an aggregate production function of manufacturing industry using panel data of 11 Korean regions covering 1977-1992. While the previous studies regard infrastructure as a direct input for production, the present study proposes that infrastructure has an effect on actual output by enhancing technical efficiency thereby, reducing the gap between maximum potential output and actual output. To investigate the relationship between infrastructure and technical efficiency, a stochastic frontier approach is applied to Korean manufacturing industry. Confirming the presence of substantial technical inefficiency in production, this study shows that an increase in infrastructure reduces the technical inefficiency level. The study also finds that, contrary to expectation, the industrialized regions are less efficient than the less industrialized ones., I. INTRODUCTION Despite the rapid economic growth during the last 30 years, Korean economic growth has recently been slowed down with lagging investment on the social overhead capital (SOC). The [...]