Transportation infrastructure investment and the location of new manufacturing around South Korea's West Coast Expressway

The results found that the opening of the West Coast Expressway had a significant positive impact on the decision of the location of new manufacturing establishments. The average wage of employed workers in local manufacturing establishments was also an important location determinant for new manufacturing establishments, especially for establishments based on lower technology levels which pay lower wages. Land price was found to produce a negative effect, regardless of technology level or size. The number of employed workers in existing manufacturing establishments in the local area was a highly significant positive determinant of location for new manufacturing establishments, indicating agglomeration effects.