earticle

영어

This study analyzes the distribution of local governments’ GRDP in Gyeonggi-Province and Chungcheongnam-do. By applying Gini coefficient and variance component analysis method, this study tries to explore the characteristics of the changing GRDP levels, the underlying mechanism of the GRDP distribution, as well as the policy implication of the findings. Results clearly indicate that the inequality of GRDP distribution has been increased in Chungcheongnam-do compared to Gyeonggi-Province. In local governments in Chungcheongnam-do, suffering from stagnation in population, there seems to be a positive correlation between resource augmentation and population increasement. Thus, it could be observed that the rich get richer there. Also, it turns out that the local endogenous factors have much influenced on the GRDP distribution than have the regional and national exogenous factors. That highlights, in turn, the importance of policy engagement and/or policy initiative by local governments to improve their GRDP levels. Future research should also center their analytical focus on selecting more detailed local endogenous factors with a view towards identifying their explanatory value and measuring the magnitude of their impacts on GRDP levels.