A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The role of transportation sectors in the Korean national economy: An input-output analysis
Highlights We analyze the economic impacts of four transportation modes on the Korean economy. The four transportation sectors are rail, road, water, and air transportations. We apply the input-output (I-O) analysis to the Korean I-O tables. Production-inducing, supply shortage, and price effects are quantitatively derived. Potential uses of the results are also discussed in terms of policy instruments.
Abstract The transportation industry has been playing an important role in the economic development of Korea and, thus, has become a critical factor in sustaining the well-being of the Korean people. This paper attempts to analyze the economic impacts of four transportation modes using input-output (I-O) analysis, with specific application to Korea. To this end, we apply the I-O models to the Korean I-O tables generated by the Bank of Korea, paying particular attention to the four transportation sectors in Korea (rail, road, water, and air transportations), considering them as exogenous, and then determining their impacts. Specifically, the production-inducing effects, supply shortage effects, sectoral price effects, forward linkage effects, and backward linkage effects of the four transportation modes are quantitatively derived over the period 2000–2010. For example, the production-inducing effect of a KRW 1.0 production or investment in transportation is larger in the petroleum and transportation equipment sectors than in other sectors. Furthermore, the rail and road transportation sectors have greater supply shortage effects than the other transportation sectors. Finally, the potential uses of the results of this analysis are presented from the perspective of policy instruments, and policy implications are discussed.
The role of transportation sectors in the Korean national economy: An input-output analysis
Highlights We analyze the economic impacts of four transportation modes on the Korean economy. The four transportation sectors are rail, road, water, and air transportations. We apply the input-output (I-O) analysis to the Korean I-O tables. Production-inducing, supply shortage, and price effects are quantitatively derived. Potential uses of the results are also discussed in terms of policy instruments.
Abstract The transportation industry has been playing an important role in the economic development of Korea and, thus, has become a critical factor in sustaining the well-being of the Korean people. This paper attempts to analyze the economic impacts of four transportation modes using input-output (I-O) analysis, with specific application to Korea. To this end, we apply the I-O models to the Korean I-O tables generated by the Bank of Korea, paying particular attention to the four transportation sectors in Korea (rail, road, water, and air transportations), considering them as exogenous, and then determining their impacts. Specifically, the production-inducing effects, supply shortage effects, sectoral price effects, forward linkage effects, and backward linkage effects of the four transportation modes are quantitatively derived over the period 2000–2010. For example, the production-inducing effect of a KRW 1.0 production or investment in transportation is larger in the petroleum and transportation equipment sectors than in other sectors. Furthermore, the rail and road transportation sectors have greater supply shortage effects than the other transportation sectors. Finally, the potential uses of the results of this analysis are presented from the perspective of policy instruments, and policy implications are discussed.
The role of transportation sectors in the Korean national economy: An input-output analysis
Lee, Min-Kyu (author) / Yoo, Seung-Hoon (author)
Transportation Research Part A: Policy and Practice ; 93 ; 13-22
2016-08-17
10 pages
Article (Journal)
Electronic Resource
English
Impact of the Smart City Industry on the Korean National Economy: Input-Output Analysis
| DOAJ | 2016
Economic impact of port sectors on South African economy: An input–output analysis
| Online Contents | 2014