Skip to main content

ECONOMIC IMPACTS OF SEOUL'S JOB DECENTRALIZATION: A METROPOLITAN INPUT–OUTPUT ANALYSIS

Buy Article:

$51.00 plus tax (Refund Policy)

ABSTRACT. 

This study analyzes the economic impacts of job decentralization with the aid of the Seoul metropolitan input–output model (SMIO) for the Seoul Metropolitan Area (SMA). Two main features can be highlighted: modeling perspective and simulation results. The SMIO is a pioneering work in the application of this type of metropolitan input–output analysis to the real world by taking into account the spatial and industrial relationships of multiplier effects simultaneously within a metropolitan economic system. The simulation results show that job decentralization results in a serious spatial and industrial restructuring of the metropolitan economy, and that the SMA gains significant economic benefits from job decentralization, no matter where the job expansion takes place within the metropolitan region. Interesting to find is that job decentralization generates positive induced effects for all scenarios through a virtuous circle of production, income formation, and consumption, given suburbanized population, which is one of the economic reasons why jobs follow people.
No References
No Citations
No Supplementary Data
No Data/Media
No Metrics

Document Type: Research Article

Affiliations: Department of Urban and Regional Planning, Chung-Ang University, Seoul, South Korea., Email: mjjun1@cau.ac.kr

Publication date: 2009-05-01

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more