The Korea Local Administration Review

This paper tries to measure fluctuation and determinants of productivity inregional economic capital of metropolitan governments. So, this paper focusedon analysis of human capital and physical capital. Results of fluctuation ofproductivity in regional capital, I find a lower a productivity of human capital inIMF crisis, but improve a since 2000 years of 2005 years. But, a productivityof human capital after 2005 years lower in local government. A productivity ofphysical capital emerges seriously of economic gap of the metropolitan area andnon-metropolitan area. Also, a productivity of physical capital emerges to takealtogether lower on local government. And I search of determinants ofproductivity in regional economic capital. Results of first, human capital is notsignificant of in the statistics a size of social-development expenditure.Therefore, local governments will improve on effective expenditure ofsocial-development. Second, physical capital is positive influenced by level ofregional economic and size of local government. On the other hand, localgovernment of economic-development costs is not directly influenced physicalcapital. Therefore, local governments will renew economic-development cost’sinvestigation.