caa a22 4500 606165444 CHVBK 20210128100653.0 cr unu---uuuuu 210128e20151201xx s 000 0 eng 10.1007/s00168-015-0690-0 doi (NATIONALLICENCE)springer-10.1007/s00168-015-0690-0 Contributions of human capital investment policy to regional economic growth: an interregional CGE model approach [Elektronische Daten] [Jaewon Lim, Changkeun Lee, Euijune Kim] The purpose of this paper is to examine the regional impact of educational investment policies on migration and economic growth utilizing an interregional computable general equilibrium (ICGE) model with a human capital module. The CGE model is developed for three industrial sectors of two regions in South Korea, specifying the behaviors of the following economic agents: six producers, two regional households, two regional governments, a national (central) government, and the rest of the world. The model primarily focuses on structural linkages among migration, university education, labor productivity, and human capital formation in the short run and long run. Our paper demonstrates that the impact of the human capital investment on GRP growth was higher for the 30s age cohort than for any other age cohort, and this holds for both the Seoul Metropolitan Area (SMA) and the rest of Korea (ROK). With the aim of reducing regional disparity and of redistributing concentrated populations, the national government's human capital investment policy should focus on local job training programs with the target population of the 30s age cohort in the ROK. Springer-Verlag Berlin Heidelberg, 2015 Lim Jaewon School of Environmental and Public Affairs, Greenspun College of Urban Affairs, University of Nevada, Las Vegas, 4505 S. Maryland Parkway, Mailbox #4030, 89154-4030, Las Vegas, NV, USA aut Lee Changkeun Office of the President, Republic of Korea, 1 Cheongwadae-ro, Jongno-gu, 110-820, Seoul, Republic of Korea aut Kim Euijune Department of Agricultural Economics and Rural Development and Institute of Agricultural and Life Sciences, Seoul National University, 1 Gwanakro Gwanak-gu, 151-921, Seoul, Republic of Korea aut The Annals of Regional Science Springer Berlin Heidelberg 55/2-3(2015-12-01), 269-287 0570-1864 55:2-3<269 2015 55 168 https://doi.org/10.1007/s00168-015-0690-0 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s00168-015-0690-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Lim Jaewon School of Environmental and Public Affairs, Greenspun College of Urban Affairs, University of Nevada, Las Vegas, 4505 S. Maryland Parkway, Mailbox #4030, 89154-4030, Las Vegas, NV, USA aut NATIONALLICENCE 700 1- Lee Changkeun Office of the President, Republic of Korea, 1 Cheongwadae-ro, Jongno-gu, 110-820, Seoul, Republic of Korea aut NATIONALLICENCE 700 1- Kim Euijune Department of Agricultural Economics and Rural Development and Institute of Agricultural and Life Sciences, Seoul National University, 1 Gwanakro Gwanak-gu, 151-921, Seoul, Republic of Korea aut NATIONALLICENCE 773 0- The Annals of Regional Science Springer Berlin Heidelberg 55/2-3(2015-12-01), 269-287 0570-1864 55:2-3<269 2015 55 168