earticle

영어

Local business enabling environment of Busan metropolitan area has been evaluated in four different areas including production factors, local economic condition, policy factors and local living environment. Research outcomes of the time-series analysis indicate that overall business environment of Busan metropolitan area has improved gradually for last ten years. Looking in more details, fields of local policy factors and local living environment show much improvement, whereas deteriorating economic condition gave negative impact on local business environment. Condition of local finance and human resources indicate small improvement.Summarizing our research findings, we provide some policy implications for Busan metropolitan government to improve its local business enabling environment. First, they need to attract large firms to build a growing market for small-and medium-sized firms. In addition, improvement of local business service industry can help local economy more efficient and profitable.