Park, Woo Ram - In: KDI Journal of Economic Policy 38 (2016) 4, pp. 77-94
explore the effect of changes in the regional human capital levels induced by this reform on plant productivity in Korea. My … results suggest that this effect is limited. I find a positive correlation between a regional level of human capital and plant … productivity. However, after further addressing endogeneity using an instrumental variable, the effect of the overall regional …