경부고속도로의 경제적 효과

Abstract

The expressway use by the construction of Gyeongbu Expressway makes it possible to efficiently allocate resources and disseminate information and knowledge through inter-regional networks. However, the existing studies on the economic effect of the Gyeongbu Expressway have only analyzed the ripple effect of the construction of the Gyeongbu Expressway on the people and industry. There are no studies estimating the effect of the use of the Gyeongbu Expressway on economic growth through efficient resource allocation and information and knowledge dissemination. Therefore, this study analyzes the effect of using the Gyeongbu Expressway on total factor productivity, which is the core of sustainable economic growth. In particular, focusing on the analysis of the economic effect after the construction of the Gyeongbu Expressway, the effect of the use of the Gyeongbu Expressway on national productivity is explained through a long-term and short-term growth model. In the endogenous growth model, an increase in the use of the Gyeongbu Expressway has a negative effect on economic growth in the short term, but a positive effect in the long term, and after a certain period, the positive long-term effect dominates the negative short-term effect. Our empirical result supports the above suggestion, showing that the use of the Gyeongbu Expressway contributes to the efficient allocation of resources and the transmission of information and technology.