In this study, we compare the performance of two regions for the period 2005 and 2014. Two methods are employed in this study: the location quotient and the shift share techniques. The data used in the location quotient analysis are the same as those used for the shift-share analysis. The results suggest that over the period 2005-2014, both regions performed poorly and were below the national average. Only eight sectors have positive industrial mix effects. For the competitive share, on the other hand, it raises the more serious question as to whether the industries of two regions are growing faster or slower than similar industries at the national level. Fifteen sectors in Busan and nine in Gyungnam show negative competitive share component results. This implies that the sectors in the regions are less competitive compared to the those at the national level. Many sectors at the regional level are growing slower than those of similar nature at the national level regardless of whether the industries of two provinces are complementary with each other.
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