Monitoring Spatial Changes in Manufacturing Firms in Seoul Metropolitan Area Using Firm Life Cycle and Locational Factors
| Autor: | Youngsoo An, Li Wan |
|---|---|
| Přispěvatelé: | Wan, Li [0000-0003-0865-0967], Apollo - University of Cambridge Repository |
| Rok vydání: | 2019 |
| Předmět: |
Index (economics)
lcsh:TJ807-830 Geography Planning and Development lcsh:Renewable energy sources 0211 other engineering and technologies locational factors monitoring spatial changes 02 engineering and technology Inflow Management Monitoring Policy and Law Competition (economics) Manufacturing 0502 economics and business Economic base analysis 050207 economics lcsh:Environmental sciences Industrial organization Modern portfolio theory firm's life cycle lcsh:GE1-350 Renewable Energy Sustainability and the Environment business.industry lcsh:Environmental effects of industries and plants 05 social sciences 021107 urban & regional planning Metropolitan area lcsh:TD194-195 firm’s life cycle Portfolio manufacturing firms business |
| Zdroj: | Sustainability Volume 11 Issue 14 Sustainability, Vol 11, Iss 14, p 3808 (2019) |
| DOI: | 10.17863/cam.41777 |
| Popis: | This paper diagnoses the development of the manufacturing industry in the Seoul Metropolitan Area (SMA) using portfolio and regression analyses. Following the life-cycle perspective, four types of spatial changes of firms have been identified, namely firm formation, inflow, outflow, and dissolution, which are applied to analyze the manufacturing development in SMA. For portfolio analysis, we propose the Net Formation Index and Net Inflow Index to measure the spatial changes of firms at the city level. The two indices facilitate horizontal comparison among cities in SMA in terms of firm growth from new opening and relocation. Using spatial regression analysis, we identify significant location factors that contribute to firm change patterns. Our tests show that a high level of industrial specialization (measured by location quotient) has a dual effect. On the one hand, high level specialization attracts new or inflow firms, particularly in the light and high-tech manufacturing industries. On the other hand, it leads to an increased number of closed or outflow firms, plausibly due to increased competition among local firms. The proposed methods can be applied to diagnose industrial development in clusters of inter-connected cities and design policy tools to boost the local industry. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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