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Friday, April 6 • 3:30pm - 4:00pm
FR3.30.37 An Empirical Analysis of the Agglomeration Effects of Creative Industry on Employment Growth

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Today, Creativity is rising as a essential factor in creative economy because the capability of enhancing urban economy. The purpose of this research is the agglomeration effects of creative industry on local economic growth. We form the data-set of 66 autonomous districts in Capital area from 2000 to 2013. It shows that the total size of creative industry in Capital area continues to grow, and new agglomerative areas of creative industry are growing. and Then, spatial regression model is conducted to analyze the agglomeration effect of creative industry on employment growth. The results indicate that the level of agglomeration have positive effects on production-based local employment growth. It's means that local economic development policy should pay attention to not only the agglomeration of creative industry, but the improvement of professionalism, which would result in positive effect on local employment growth as well as local productivity through some external effect.

Yejin Yoo, Yonsei University; Kasung Kim, Yonsei University

Friday April 6, 2018 3:30pm - 4:00pm EDT
Provincial Ballroom (2nd Floor)