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Dynamic Analysis of Job Creation and Destruction in Busan Strategic Industry
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부산지역 전략산업의 일자리 창출과 소멸에 대한 동태적 분석

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Type
Academic journal
Author
Journal
한국경제통상학회 경제연구 경제연구 제35권 제1호 KCI Accredited Journals
Published
2017.1
Pages
145 - 178 (34page)

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Dynamic Analysis of Job Creation and Destruction in Busan Strategic Industry
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This study is to estimate job creation and destruction in Busan by using a Employment Insurance DB during 2004~2014. In Result, higher job creation and higher job destruction appeared in Busan compared to Seoul or a mean of Korea, but such active variability could not bring bout a net job growth. Moreover, job creations were caused by new establishments rather existing establishments, and jobs created are likely to be perished in short time because of low persistence. The result of analysis about job market structure of five strategic industries, which is executed by the local government, presents that creative-culture industry has both high job variability and low employment stabilization, while bio-health industry has higher net increase of jobs. Therefore, concentrative supports for these industries are needed in order to vitalize regional economy in Busan. A regression to estimates determinants of the net job growth shows that higher number of workers or lower age of establishment lead to increase the number of jobs. Additionally, existence of industrial complex has impact on increase of a net jog growth.

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