• Title/Summary/Keyword: Economic Value Added

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Economic Effects of Sewage and Wastewater Treatment Service Sector: An Inter-industry Analysis (산업연관분석을 활용한 하수처리 부문의 경제적 파급효과 분석)

  • Park, So-Yeon;Lim, Seul-Ye;Yoo, Seung-Hoon
    • Journal of Korean Society of Water and Wastewater
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    • v.29 no.2
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    • pp.171-182
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    • 2015
  • The economic effects of sewage and wastewater treatment service (SWTS) sector on other sectors have been rarely investigated in the literature. This paper attempts to apply an inter-industry analysis to looking into the economic effects of the SWTS sector. To this end, the most recently published 2012 input-output table is used here. In particular, the SWTS sector is specified as exogeneous to identify the economic effects of the SWTS sector on other sectors. Production-inducing effect, value-added creation effect, and employment-inducing effect are quantified based on demand-driven model. Supply shortage effect and price pervasive effect are also analyzed employing supply-driven model and Leontief price model, respectively. The results show that production-inducing effect and value-added creation effect of a unit of investment or production in SWTS sector are estimated to be 1.7076 and 0.7392, respectively. The employment-inducing effect of one billion of investment or production in the SWTS sector is computed to be 11.0498 persons. The shortage effect of the SWTS sector amounts to 0.8417 won. The overall price effect of the 10% increase in the price of SWTS sector is calculated to be 0.0115%. This quantitative information can be utilized in predicting the economic effects of the SWTS sector-related activities or policy-making.

Techno-Economic Study on Non-Capture CO2 Utilization Technology

  • Lee, Ji Hyun;Lee, Dong Woog;Kwak, No-Sang;Lee, Jung Hyun;Shim, Jae-Goo
    • KEPCO Journal on Electric Power and Energy
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    • v.2 no.1
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    • pp.109-113
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    • 2016
  • Techno-economic evaluation of Non-Capture $CO_2$ Utilization (NCCU) technology for the production of high-value-added products using greenhouse gas ($CO_2$) was performed. The general scheme of NCCU process is composed of $CO_2$ carbonation and brine electrolysis process. Through a carbonation reaction with sodium hydroxide that is generated from brine electrolysis and $CO_2$ of the flue gas, it is possible to get high-value-added products such as sodium bicarbonate, sodium hydroxide, hydrogen & chloride and also to reduce the $CO_2$ emission simultaneously. For the techno-economic study on NCCU technology, continuous operation of bench-scale facility which could treat $2kgCO_2/day$ was performed. and based on the key performance data evaluated, the economic evaluation analysis targeted on the commercial chemical plant, which could treat 6 tons $CO_2$ per day, was performed using the net present value (NPV) metrics. The results showed that the net profit obtained during the whole plant operation was about 7,890 mKRW (million Korean Won) on NPV metrics and annual $CO_2$ reduction was estimated as about $2,000tCO_2$. Also it was found that the energy consumption of brine electrolysis is one of the key factors which affect the plant operation cost (ex. electricity consumption) and the net profit of the plant. Based on these results, it could be deduced that NCCU technology of this study could be one of the cost-effective $CO_2$ utilization technology options.

The Value Chain of Cultural Industry in Gyeongbuk (경북 문화산업의 가치사슬 특성)

  • Choi, Jeong-Su
    • Journal of the Economic Geographical Society of Korea
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    • v.9 no.1
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    • pp.39-60
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    • 2006
  • The value chain is analytically useful for the cultural industry that has the characteristics of both manufacture and service industry, as the focus of value chain analysis moves from manufacturing only to the other stages of activity involved in supplying goods and services to consumers. The aim of paper is to analyse the value chain of the cultural industry in Gyeongbuk, find out the strengths and weaknesses of it, and suggest the ways to enhance the innovation capabilities of cultural industry in Gyeongbuk. First, the firms in advertisement & marketing, and circulation & distribution have low percent in cultural industry and need the low level of human resource, but produce high value-added in value chain; so, we should facilitate the make-up of the firms in advertisement & marketing, and circulation & distribution. Second, we should strengthen inter-firm networks to facilitate the ex-change of the equipment, human resource, information and technology between them. Third, we should construct the system to development human resource with two levels and spread the open atmosphere of firms.

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The Impact of Value Chain Reorganization on Regional Economy: The Case of Daegu Cultural Contents Industry (클러스터의 가치사슬변화가 지역경제에 미치는 영향: 대구문화콘텐츠산업을 사례로)

  • Park, Kyung-Sook;Lee, Chul-Woo
    • Journal of the Economic Geographical Society of Korea
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    • v.13 no.4
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    • pp.601-622
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    • 2010
  • The purpose of this paper is to analyze the value chain reorganization of cultural contents industry cluster in Daegu city and its impact on the regional economy. To achieve this goal, this research examined the change of value added structure, institutional milieu and networks among regional innovators and their effect on value chain reorganization of cluster. The result shows that the scope of the value chain generating value added have been extended and the networks among regional innovators have been increased. Such value chain reorganization has a positive effect on the regional economy. In the context of public policy, however, the focus of industrial policies needs to generate cultural and institutional specificities in a given region and to strength Triple helix innovation system.

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National Economic Effects of the Korea Shipbuilding Industry (한국 조선산업의 국민경제적 파급효과 분석)

  • Chung, Young-Keun;Lim, Eung-Soon
    • Journal of Korea Port Economic Association
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    • v.27 no.4
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    • pp.129-143
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    • 2011
  • Korean Shipbuilding industry takes 33.1% of world market. This shows that Korea is number 1 in shipbuilding. Also, this means the shipbuilding industry plays a significant role in national economic development. This Study attempts to analyse the national economic impacts of shipbuilding industry using an inter-industry analysis. The study investigates demand-driven model and the Leontief price model. Specifically, this study investigates production-inducing effect, value added-inducing effect and employ-inducing effect. Also, we estimate the sectoral price effect. The result of this analyses are presented: 0.7891 won in production-inducing effect, 0.3742 won in value added-inducing effect. When 1 won is produced by shipbuilding industry, 3.7808 persons in employ-inducing effect when 1 billion won is produced, and sectoral price effect is 0.0009% due to the 10% increase of price.

An Economic Ripple Effect Analysis of Domestic Supercomputing Simulation in the Industrial Sector

  • Ko, Mihyun;Kim, Myungil;Park, Sung-Uk
    • 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.

Extraction and Analysis for Emphasis Development Field in Green Construction Technology (녹색 건설기술의 중점 개발 영역에 대한 추출 및 분석)

  • Yang, Jin-Kook;Shin, Sung-Joon;Kim, Ki-Nam;Hwang, Chi-Ho;Jang, Yun-Seok
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.306-307
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    • 2014
  • Green building technology has the potential a competitiveness. Reflecting this situation, the renewable energy market is growing rapidly. And, this field became value-added field in construction industry. In this study perform to prioritize the value improvements of green building technologies. To do this, first, we will extract potential development field through literature and case studies. Next, we will built a hierarchy structure based on the economic efficiency, technical skill, and policy. Third, we decide to prioritize between the items by performing AHP analysis.

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A Study on the Economic Impacts of Korean R&D Expenditure on the Manufacturing Industry by Technological Levels: Using the Input-Output Table (한국 R&D투자의 기술수준별 제조업 구분에 따른 경제적 파급효과 분석: 산업연관표 활용)

  • Park, Chang-Dae;Ahn, Seung-Ku;Park, Jung-Gu
    • Journal of Technology Innovation
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    • v.26 no.1
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    • pp.85-105
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    • 2018
  • This study analyzes the economic impacts of Korean R&D expenditure on the industrial structure by technological levels using 2010~2014 Input-Output table data. The industrial structure is reclassified into 4 manufacturing industries by OECD's Technology Intensity Definition. Then, we analyzes the production-inducing and value added-inducing of those industries. As the results of the analysis, it is found that the production-inducing effect by the R&D expenditure has been higher in the middle-high and middle-low technology manufacturing and that the value added-inducing effect has been higher in the middle-high technology manufacturing. On the other hand, the production and value added-inducing effects has been lower in the high-tech manufacturing which is highest in the R&D expenditure. The above results indicate that industrial structure has not been linked with the quality ladder that expresses the enhancement of tech level through R&D expenditure. Based on these results, the policy recommendation implies that R&D expenditure should be concentrated to improve the production- and value-added effects of the high technology manufacturing in order to advance the industrial structure. However, this study has the limitation that the analyses on the dynamic-inducing effects are not carried out due to the lack of fixed capital formation data.

The Analysis of Economic Impact for Information Security Industry using Inter-Industry Analysis (산업연관분석을 이용한 정보보호 산업의 경제 파급효과 분석)

  • Jeong, Eun-Hee
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
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    • v.13 no.1
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    • pp.72-80
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    • 2020
  • The information security industry is increasing in importance and market size due to the development of the fourth industry such as artificial intelligence, IoT and etc. This paper was analyzed the impact of the increasing information security industry on the domestic economy by using the Input-Output table. It was classified industrial sectors into information security products and information security services industries, and then reclassified the Input-Output table into 35 industries. And it was estimated the production inducement coefficient, the value-added inducement coefficient, employment inducement coefficient, and etc. The production inducement coefficients of the information security product and service industry are each 1.571, 1.802, and the value-added inducement coefficients of them are each 0.632, 0.997, and the employment inducement coefficients of them are each 2.494, 7.361. Only the value-added inducement coefficient of the information security service industry is slightly higher than the total industry, and the remaining inducement coefficients are all lower than the total industry. In addition, the information security product industry has no the forward and backward linkage effect, and the information security service industry has no the backward linkage effect. But it has the forward linkage effect. As a result of analyzing the economic ripple effect of the information security industry, the production inducement amounted to 359.9 trillion won, value-added inducement amounted to 164.8 trillion won, and employment inducement amounted to 803 thousand people.

Economic Impact of Gwangyang Bay Area Shipping and Port Logistic Industry on the Regional Economy: A Regional Input-Output Analysis (광양만권 해운항만산업의 지역경제 파급효과 분석: 지역산업연관분석 중심)

  • Kim, Sangchoon;Jang, Heunghoon;Kim, Seungchul
    • Journal of Korea Port Economic Association
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    • v.31 no.4
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    • pp.53-73
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    • 2015
  • This study analyzes the economic impact of the shipping and port logistics industry in Gwangyang Bay Area on the regional economy. For this purpose, the study constructs an input-output table of 29 sectors for 2010 in the area. The main findings are as follows. In terms of production, value added, and share of employment, the regional shipping and port logistics industry accounts for approximately 10.8 percent, 6.0 percent, and 2.9 percent of the national shipping and port logistics industry, respectively. Moreover, the economic impact of the industry on the regional economy is estimated to be an increase in terms of production of about 6 trillion Korean won), to be an increase in value added of about 2.5 million Korean won, and an increase of about 16,000 in employment. Furthermore, the industry is found to have strong inter-industry linkages with the main manufacturing as well as the main producer service industries.