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The Effect of Knowledge and Skill-Based Production on Agricultural Employment: An Empirical Analysis in the Sample of South Korea

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Role of IT- ITES in Economic Development of Asia

Abstract

Structural transformation is one of the most important topics, especially for developing countries. Considering the countries which achieved structural transformation, it has great importance to be transferred of production factors from the agricultural sector to other productive fields. In this study, it is aimed to investigate the relationship between economic complexity representing knowledge and skill-based production and agricultural employment in the sample of South Korea over the period 1970–2011. Johansen Cointegration Test is employed in the empirical part of the study. Empirical findings reveal that the variables are co-integrated and the increase of economic complexity reduces agricultural employment.

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Notes

  1. 1.

    For detailed information, see Hausmann et al. (2011).

  2. 2.

    We select this period because of the data limitation.

  3. 3.

    This study is based on the studies of Karagöz (2007) and Peker and Göçer (2010). Both studies have tested the effect of foreign direct investments on employmentt/unemployment. In this respect, instead of foreign investments on the right side of the equation, we use economy complexity as an explanatory variable.

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Author information

Authors and Affiliations

  1. Department of Economics, Hakkari University, Hakkari, Turkey

    Muhlis Can

  2. Department of Economics, Suleyman Demirel University, Isparta, Turkey

    Buhari Doğan

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  1. Muhlis Can
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  2. Buhari Doğan
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Correspondence to Muhlis Can .

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Editors and Affiliations

  1. Department of Economics, Indian Institute of Management Calcutta, Kolkata, West Bengal, India

    Soumyen Sikdar

  2. Department of Economics, Vidyasagar University, Midnapore, West Bengal, India

    Ramesh Chandra Das

  3. Department of Economics, Goenka College of Commerce and Business Administration, Kolkata, West Bengal, India

    Rajib Bhattacharyya

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Can, M., Doğan, B. (2020). The Effect of Knowledge and Skill-Based Production on Agricultural Employment: An Empirical Analysis in the Sample of South Korea. In: Sikdar, S., Das, R.C., Bhattacharyya, R. (eds) Role of IT- ITES in Economic Development of Asia. Springer, Singapore. https://doi.org/10.1007/978-981-15-4206-0_17

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  • DOI: https://doi.org/10.1007/978-981-15-4206-0_17

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