Abstract
Since the concentration in the capital region of Korea can cause a national inequality, many policies, regulating locations of industries in the region, have been implemented. Industrial revolutions, such as the 4th industrial revolution, have been the driving force for growth of cities. Many studies related to the 4th industrial revolution have been conducted, while most of them have only analyzed their location status without quantitative analysis. It is known that the fourth Industrial revolution related industry, which can promote economic growth, is concentrated in a specific region. This phenomenon can cause a unbalanced development at the national level. In this line, this study analyzes the impacts of the industries related to the fourth industrial revolution on the balanced national development using the beta convergence model. The results show that many of the 4th industrial revolution-based industries are also located in metropolitan areas outside the capital region, while the majority of them are concentrated in the capital region, implying that the metropolitan areas outside the capital region have a potential to play an important role in balancing the national development. However, the impacts of the fourth revolution related industry on their regions are limited to the positive effect of manufacturing on population, calling for the consideration of various types of industry and spatial unit when a policy for balanced development is developed.
Published Version
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