The Korea Local Administration Review

The purpose of this research was to anlayze the effectiveness of the regional specialization of high-technological industires on regional economy growth. The research question was about whether the dgree of regional specialization of high-technological industries can stimulate on the regional economic growth. The analysis was based upon a panel fixed-effect model with time-lagged variables from 2012 to 2018.
The analytical evidence indicates that all else help equal, cities with higher specialization of industries in bio technologies or information&communication technologies sectors were positively linked to increase regional economic growth. The positive signs on the one-year lags implies that for the first year after the specialization of higher-technological was generated, the number of GRDP increased significantly. Evidently, these results are consistent with the commonplace observation that economic growth from high-technological innovation take time. This research shows that sustainable investment related to the electronics or information&communication technologies sectors can provide a positive delayed return vis-a-vis regional economic growth.