• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.4
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• pp.111-122
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• 2018

The private sector is currently reviewing the feasibility of the project or deciding economic policies by analyzing the economic ripple effects. However, the arms acquisition project focuses on the need for the national defense weapons system by analyzing the costs and the effectiveness of the analysis and reviewing the necessity and feasibility of the project. In order to analyze the economic ripple effects, KB (the Bank of Korea) prepares and publishes an analysis table of industrial associations in a given unit. IAAR (the industrial association analysis report) is difficult to apply directly to the defense weapons system. Therefore, research on the economic ripple effects applicable to the defense arms procurement project was needed. In this study, we propose the generic methodology for estimating economical and technical ripple effects resulted in acquiring new weapon systems. Based on the analysis of inter-industrial relations, economical ripple effects are estimated with production inducing effects, value-induced effects, employment-induced effects and export-induced effects. Also, the technological ripple effects are estimated with technological intensity represented by investment cost in research and development. To show the validity of proposed methodology, a case study of acquiring new weapon systems such as GR (guided rocket), destroyer, and helicopter is accomplished. From the case study, it is concluded that these economical & technological ripple effects can be used as a reference to decision making in the course of acquiring major future defense weapons systems.

• The Journal of Fisheries Business Administration
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• v.50 no.3
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• pp.73-86
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• 2019

The purpose of this study is to provide logical and policy justification for the feasibility and sustainability of the project through analysis of economic ripple effects of the fishing village new deal 300 project. To do this, we applied the industry-related analysis, which is mainly used to analyze the economic ripple effects, to the fishing village new deal 300 project. The industry association analysis classifies the detailed project of the preliminary plan for the selection of the business into the software business such as the hardware business and the capacity enhancement in the construction field and analyzes the economic ripple effect through the inter-industry association. As a result, it is expected that the fishing village new deal 300 project will have a positive economic impact. When the total investment of 3 trillion won is invested in the project, it is estimated that the production inducement effect and the value added effect are 5,545.3 billion won and 2,102.7 billion won, respectively. In addition, 62,005 get job inducements, where 10,952 employment inducements were associated with job creation. The analysis of the above impacts seems to have secured the logical justification for the implementation of the fishing village new deal 300 project.

• Journal of Information Science Theory and Practice
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• v.10 no.spc
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• pp.66-75
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• 2022

The manufacturing industry is the foundation that drives economic growth, and manufacturing innovation is essential for sustainable growth advantage and the transition into a digital economy. Therefore, major countries actively support the field of simulations, which incorporate information and communication technologies into manufacturing, and announce various policies at the national level along with increasing investment. Simulation technology virtualizes product development processes to replace physical production and experimentation of products, dramatically reducing time and costs. In South Korea, the Korea Institute of Science and Technology Information (KISTI) has supported manufacturing companies for about 14 years by providing relevant technologies. This study uses the input-output table for the Bank of Korea to analyze the economic ripple effect. First, we identified the domestic industrial sector dealing with the supercomputing-based simulation industry. Then we analyzed its ripple effects by dividing them into the production inducement effect, value-added inducement effect, employment inducement effect, and forward/backward linkage effect. Consequently, when the supercomputing simulation budget of KISTI (28.3 billion won, 2007-2020) was set as an input coefficient, the analysis showed 45.1 billion won as the production inducement effect, 24.7 billion won as the value-added inducement effect, and 282 individuals per 1 billion won as the employment inducement effect. This study is significant in that it derived the effects of the inputs by analyzing the economic ripple effects of the projects of KISTI, which have been supporting South Korean manufacturing companies for the past 14 years with supercomputing-based simulations.

• East Asian Economic Review
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• v.19 no.4
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• pp.381-408
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• 2015

This paper investigates a link between the significant decline in the growth of domestic demand and the dampened ripple effects from the export sector in Korea since the East Asian financial crisis. The dampened ripple effects are closely linked to the changed investment behaviors of the Korean large-sized exporting firms since the crisis: they do not invest in their export earnings any more to create new industries; they tend to use more foreign value added contents for their exports and to increase outward direct investment by actively participating in global value chains. The paper also examines a link between the growth of domestic demand and the growth of household disposable income and presents reasons for the decline in the growth of household disposable income since the East Asian financial crisis.

• International Area Studies Review
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• v.12 no.3
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• pp.269-291
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• 2008

MICE industry has been accepted as a growing and profitable tour market to improve profitability of vulnerable domestic tourism industry. To explore the influence of development factors of Korea MICE industry on authorities' role and ripple effects, this study examined the perception of MICE experts. The development factor were suggested to include 'marketing' and 'human resources' and the ripple effects were presented into two factors of economic and national promotion. The results reveal that marketing and human resources development had significant influence on authorities' role. The results also show that authorities' role had significant influence on ripple effects of economic and promotional effects.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.11
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• pp.3506-3513
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• 2009

This study is to analyze the ripple effects of Jeju International Wind Ensemble Festival on Jeju regional economy and to explain the influence of the festival on Jeju regional society and culture. This study analyzed the economic ripple effects of the tourism industry with the Jeju inter-industry relation table. To explain the influence on Jeju regional society and culture, this study examined society-integrating part, policy-advertising part, culture-developing part, and industry-developing part.

• Journal of Information Technology Services
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• v.17 no.1
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• pp.47-58
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• 2018

In this study, we define Fintech services as review previous literatures and identify the traditional Fintech service market for analysing the economic effects of the Fintech Industry by using the 2014 Input-Output Table. We can identify the current market of Fintech industry which consists of VAN, PG, financial SW, mobile banking and Fintech R&D and we conduct Input-Output analysis by using non-competitive import model. The Input-Output analysis results show that production inducement effect and front/rear chain effect of the Fintech Industry are below average of other industries. This is because the Fintech technology and industry were emerging in Korea at that time (2014), and thus the ripple effects are not significant. Especially, due to the existing white risk financial regulation, new business opportunities have not been open to adapt new ICT-financial technologies. Therefore, when the business ecosystem is build through deregulation and platforms of the financial sector, it is expected that the Fintech Industry will have a high ripple effect. In this study, we identify the current market of Fintech industry from ICT indusries and conduct Input-Output analysis. The economic effects of the Fintech industry are not remarkable, but it is significant to identify the emerging market and present the basic analysis of issued research field.

• Journal of Korea Port Economic Association
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• v.39 no.2
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• pp.77-95
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• 2023

The regional infrastructure industries of Gwangyang City, the subject of this study, are Gwangyang Port and Gwangyang Steel Mill. Therefore, it is necessary to analyze the regional economic ripple effects of the port logistics industry in Gwangyang City. In this study, a multi-stage approach using the RW and the LQ methodology using the national input-output tables in 2015 and 2019 is used to prepare the regional interindustry analysis chart in Gwangyang City, and an exogenous demand induction model that reclassified the port logistics industry was applied. Through this, the purpose of this study was to provide policy implications by figuring out the regional economic ripple effects of the port logistics industry quantitatively in Gwangyang City. As a result of the analysis, the industries with high production inducement effect and forward/backward linkage effect of the port logistics industry in Gwangyang City were analyzed as manufacturing, transportation, land and air logistics sectors. And the industries in which the added value inducement effect and the employment inducement effect were analyzed as an industry related to the service industry. Therefore, it is necessary to prepare support measures to foster the port logistics industry as a way to promote these industries and revitalize the local economy of Gwangyang City. To this end, it is desirable to improve policies and systems for the vitalization of the Gwangyang port maritime cluster and provide various policy support for the port logistics industry in Gwangyang City. This study is meaningful in suggesting policy implications for the regional economy of Gwangyang City based on the results of exogenous analysis of the port logistics industry in small and medium-sized cities. However, It seems that further studies related to this will be needed in the future.

• Journal of Korea Port Economic Association
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• v.38 no.3
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• pp.53-68
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• 2022

In this study, the economic value and economic ripple effect of the Jeju Inland Port redevelopment project were estimated. The economic value was estimated from the viewpoint of amenity, the value of non-market goods such as landscape improvement, environmental improvement, and recreation effects. As a result of the estimation, the population was divided into Jeju Island and other regions and the individual's willingness to pay was estimated to be 2,952.9 won in Jeju Island and 4,722.8 won in other regions. On the other hand, the economic ripple effect of the Jeju Inland Port redevelopment project was estimated during the project period and after the completion of the economic ripple effect was estimated. As a result of the estimation, the production inducement value was KRW 84,387 million, the value-added inducement effect was KRW 37,292 million, and the employment inducement value was 5,846 employment when the (direct employment + indirect employment) effect was combined. After the end of the project period, as of 2022, there were 518,000 foreign tourists, and the value-added inducing effect was estimated to be about 149,885 million won.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.38 no.4
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• pp.39-44
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• 2015

The VHTR (Very High Temperature gas-cooled nuclear Reactor) has been considered as a major heat source and the most safe generation IV type reactor for mass hydrogen production to prepare for the hydrogen economy era. The VHTR satisfies goals for the GIF (Generation IV International Forum) policy such as sustainablility, economics, reliability and proliferation resistance and physical protection, and safety. As a part of a VHTR economic analysis, we have studied the VHTR construction cost and operation and maintenance cost. However, it is somewhat difficult to expect the ripple effect on the whole industry due to the lack of information about Inter-industries relationship. In many case, the ripple effect are based on experts' knowledge or uncertain qualitative assumptions. As a result, we propose quantitative analysis techniques for ripple effects such as the production inducement effect, added value inducement effect, and employment inducement effect for VHTR 600MWt${\times}$4 modules construction and operation ripple effect based on NOAK (Nth Of A Kind). Because inducement effect values have been published annually, we predict inducement effect's relation function and estimated values including production inducement effect value, added value inducement effect value, and employment inducement effect value using time series and estimated values are verified with published inducement effects' value. This paper presents a new method for the ripple effect and preliminary ripple effect consequence using a time series analysis and inter-industry table. This ripple effect analysis techniques can be applied to effect expectation analysis as well as other type reactor's ripple effect analysis including VHTR for process heat.