earticle

영어

This study tests an hypothesis that growth of production, export and number of firms in a manufacturing sector has a positive impact on the rise of its total employment. It is expected that our research outcome can correct current misconception of "jobless growth" in a manufacturing sector and will support the fact that manufacturing industry still works as a locomotive of national economic growth both in production and in employment. For a case study, time-series data of Changwon national industrial complex in Gyeongnam Province has been used. Research outcomes based on the vector error correction model(VECM) indicates that all economic factors have positive impacts on employment growth. Among them, total amount of exports have the largest and enduring impact on the employment growth. Total amount of production shows relatively indirect impact on the employment. They impact positively on employment through growth in total exports. In the case of number of firms, we found little impacts on the number of employment. In conclusion, we can argue that stimulating exports in a manufacturing sector is a good strategy for creating jobs. Growing size of exports can increase total production and finally create more jobs in the manufacturing industry.