Abstract
ABSTRACTUsing the concepts of poverty trap and neighbouring effect, this paper explores whether the economies of low-income regions and high-income regions respond differently to national economic fluctuations. It identifies an asymmetric pattern of regional income change in low-income regions of Korea due to a relatively small population size and weak urbanization economies. These low-income regions could increase their income levels by 3.75% if they succeeded in developing a symmetric relation to national economic fluctuations. Spatial proximity between high- and low-income regions can generate greater backwash (negative) effects on the economic growth of low-income regions than spread (positive) effects.
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