earticle

영어

This study aims to find an impact of growth in our national industrial complex on job creations. Here growth in the complex means not only production but also exports, number of firms, operational rate of firm facility, and size of firms. Research questions are whether these sites of national manufacturing production still play major roles in employment growth. For the case study of eight complex in the nation, a dynamic panel model was used to analyze annual data provided by the Korea Industrial Complex Corp. Our conclusion is that there is no clear-cut findings which support all positive or all negative impacts of growth on job creation. Instead, their impacts differ in different components of growth and different types of industry. Growth in the production shows a positive impact on jobs in the heavy manufacturing and chemical industry, but not in the electrical and electronics industries. In a case of growth in exports, it shows a negative impact on jobs, which differs from general expectations. Two components which show positive impacts on jobs in consistence are a growth in number of firms and a operational rate of firm facility. This implies that government support for entrepreneurship, firm incubation, and attraction of foreign investment, all can be efficient policy of job creation. Support for raising operational rate of firm facilities can also be effective.