Urban Wealth Scaling in Korea
Keywords:
Urban Scaling, Panel Data, South KoreaAbstract
Previous cross-sectional investigations into urban scaling concerning regional GDP show that the scaling exponents closely align with the superlinear scaling value of 1.15. Analyzing the OECD 2016 data, this research reveals a comparable outcome, except for Korea, where a value below 1.0 is identified. Through the utilization of panel data from Korea, our empirical findings show sublinear scaling values. It appears evident that the Korean scenario contradicts the superlinear scaling principle in urban systems. Various explanations are discussed.
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