earticle

영어

This paper presents the long-run trends in regional agglomeration and localization in Korean manufacturing. Regional agglomeration in Korea rose until the mid-1970's and has fallen substantially since then, while mass migration of rural residents to Seoul and its vicinity has continued. Localization also rose until the early 1980's and has fallen continuously. The trends of localization in Korea is comparable with that in the U.S manufacturing reported by Kim(1995). Analysis of regional agglomeration and localization shows that there does not exit any remarkable market failure or positive external economy which may justify government intervention in location of industries.