• Title/Summary/Keyword: Production Inducement Effects

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Economic Effects of South Korea's Smart Healthcare Industry (S-헬스케어산업의 경제적 파급효과 분석)

  • Ahn, Jeong-Min;Suh, Jeong-Kyo
    • The Korean Journal of Health Service Management
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    • v.11 no.2
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    • pp.55-64
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    • 2017
  • Objectives : Recently, concerns about the smart healthcare industry has increased worldwide. This study estimates the economic effects of the smart healthcare industry by employing input-output analysis. Methods : In this study, $29{\times}29$ sector statistics were also used as the major research method for the industry. The main analysis tools of this study, thus, included a comparison of backward and forward-linkage effects and the inducement effects of the own-industry and other industries, as well as inducement coefficients, including production, value-added, employee's pay, operating surplus, production tax, and employment. Results : The results of the analysis show that the industry has an immense economic impact, affecting major macroeconomic factors including value-added and forward - linkage effects. Additionally, the inducement effects of the smart healthcare industry are significant compared to other industries in terms of production, employee's pay, operating surplus, production tax, and employment. Conclusions : The smart healthcare industry is a growth engines for national development, because it is the industry of high value-added services. This paper offers alternatives for efficient industrial policies.

Economic Effects of the Port Industries (항만산업의 경제적 파급효과)

  • Kim, An-Ho;Gi, Seong-Rae
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.141-160
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    • 2005
  • This paper estimate and analyze the economic effect of the port industries as well its production inducement coefficient, effect ratio and response ratio using above-mention input-output analysis. The results of analysis is that the production inducement effects and the forward and backward linkage effects of port industries sectors are evaluated low evaluations. This results is not the port industry doesn't have low effects and low contributions to Korea economy, port industries are more used in the field of export and import sectors than domestic demand and supply sectors. Accordingly, the import inducement coefficients of shipping industry is most high among the 404 detailed sectors.

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Estimating the Impacts of Air Transportation Industry on National Economy (항공운송산업의 국민경제 파급효과 분석)

  • Bae, Ki-Hyung
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.14 no.3
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    • pp.30-39
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    • 2006
  • The purpose of this study is to analyze how much Air Transportation Industry contribute to national economy by measuring economic spreading effects of Air Transportation Industry on national economy. To achieve the purpose of the study, the study uses an Air Transportation Input-Output Table of year 2000 of korea. The results shows that Air Transportation Industry induce 274,530.8 billion won of national production, import inducement 13,7073.7 billion won, value-added 110,994.9 billion won, especially Air Transportation Industry shows that production inducement coefficient is 1.36803, import inducement coefficient is 0.60581, value-added coefficient is 0.45189, income inducement coefficient is 0.18599 and employment inducement coefficient is 0.00841.

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An Analysis of Economic Ripple Effect on the Knowledge Service Industry (지식서비스산업의 경제적 파급효과 분석)

  • Kim, Pang-Ryong;Kim, Young-Eun
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.18 no.4
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    • pp.771-778
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    • 2014
  • In this study, we have measured the effects on production inducement, added value inducement, employment inducement and backward and forward linkage regarding the knowledge service industry in Korea. It turns out that the knowledge service industry greatly contributes to increase of added value and employment creation while highly withholds to effect on production inducement and backward and forward linkage effects. In recent, government seeks out new growth driver out of the knowledge service industry. We have found the fact that its direction should be 'production growth of the knowledge service industry' through this study.

Input-output Analysis for Pulp, Paper and Paper Product Industries (펄프, 종이 및 종이제품의 국민경제 기여도 분석)

  • Kim, Chul-Hwan;Moon, Ji-Min;Kim, Eui-Gyeong;Ahn, Byeong-Il
    • Journal of Korea Technical Association of The Pulp and Paper Industry
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    • v.42 no.4
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    • pp.45-55
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    • 2010
  • In order to investigate the structures and growth patterns of pulp and paper industries of Korea, the input-output tables of the year 1995, 2000, 2005 and 2007 were analyzed in this papers. The production inducement coefficients of these industries have grown during the designated period. In 2007, the value of production induced by pulp industry was estimated to be 343,8 billion won. Paper and paper product industries were estimated to induce the production of other industries by 7,281,6 and 8,515.9 billion won, respectively. The import inducement effect of pulp industry was estimated to be larger than that of paper and paper product industries. Analysis on the forward linkage effects indicated that paper and paper product industries were more sensitive to the change in demand of other industries than pulp industry.

VHTR Construction Ripple Effect Analysis Using Inter-Industry Tables (산업연관분석을 통한 초고온가스로 건설 파급효과 분석)

  • Lee, Tae-Hoon;Lee, Ki-Young
    • 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.

A Ripple Effect of Regional Economy by Government Aid for Forest Fire Restoration through the Input-Output Analysis (산불피해지역 복구를 위한 정부지원이 지역경제에 미치는 파급효과 분석)

  • Lee, Jae-Keun;Kim, Joon-Soon;Lee, Young-Geun
    • Journal of Korean Society of Forest Science
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    • v.96 no.3
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    • pp.338-347
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    • 2007
  • The purpose of this study was to analyze a ripple effect of the regions, Samcheok city, Goseong county and Donghae city, in Gangwon province by government aid for forest fire restoration through the input-output analysis. These regions were devastated by forest fire in 2000. Direct production inducement effect was higher than indirect production inducement effect except for construction industry. Income inducement effect similarly showed production inducement effect Indirect employment inducement effect was higher than direct employment inducement effect. The efficiency of government aid took a side view of three effects. Production inducement effect and income inducement effect in Donghae were more efficient than these in Samcheok and Goseong. Employment inducement effect in Samcheok was more efficient than it in Goseong and Donghae.

Determining Investment Priorities Using Aggregating Indicator of Regional Economic Effects: Case of the Offshore Project for Fishery Stock Enhancement (지역경제파급효과 종합지표를 이용한 투자 우선순위 결정 : 근해 수산자원 증대사업 사례)

  • Kang, Seok-Kyu;Kang, Gi-Choon
    • The Journal of Fisheries Business Administration
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    • v.51 no.4
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    • pp.123-136
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    • 2020
  • This study attempted to propose a method of determining a project implementation area according to the purpose of the Offshore Project for Fishery Stock Enhancement after analyzing the regional economic effects in advance targeting the candidate regions for the Offshore Project for Fishery Stock Enhancement. The main results of this study can be summarized as follows: first, in comparison with the overall effect of the Offshore Project for Fishery Stock Enhancement to 2013, the production inducement coefficient increased by 0.08 in the region, but decreased by 0.39 in other regions and by 0.33 in the whole country. The value-added inducement coefficient increased by 0.01 in the region and by 0.06 in other regions, increasing 0.27 for the whole country. In the case of the employment inducement coefficient, the number of workers in the region decreased by 9.48 and increased by 0.3 in other regions, resulting in a decrease of 9.1 people in the whole country. Second, depending on the purpose of the Offshore Project for Fishery Stock Enhancement, an aggregating indicator of economic effects within the region, an aggregating indicator of economic effects in other regions, and an aggregating indicator of economic effects across the country were prepared to be used to determine the priority of the project implementation region. There was a little difference between the 2013 and 2015 regional rankings according to the standardization method, indicating that the analysis results were somewhat consistent. In conclusion, the results of this study may contribute to determine the project implementation area according to the purpose of a specific project after analyzing the regional economic effect in advance.

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.

Analysis of the Economic Ripple Effect of New Financial Input in the National Assembly FM Radio (국회 FM 라디오의 신규 재정 투입에 따른 경제적 파급 효과 분석)

  • Park, Sungmin
    • Journal of Broadcast Engineering
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    • v.26 no.5
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    • pp.575-582
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    • 2021
  • This study would analyze the economic impact of the new financial input to the National Assembly FM Radio. Recently, with the 4th industrial revolution and the change in the new media paradigm, there are changes into multi-media and multi-channels, such as mobile, Internet, and OTT, etc. Reflecting these changing internal and external conditions, National Assembly Television, too, should introduce FM radio broadcasting so that the viewers can use the public services without spatial and temporal constraints. Thus, this study would conduct an analysis, estimating the budget required for investing the new government funding in the National Assembly FM Radio. As for the main analysis results, the coefficient of production inducement was 1.661; that of added value, 1.141; and that of employment inducement, 7.1. In the capital district, the effect on production inducement was 6.928 billion won; that on added value inducement, 4.758 billion won; and that on employment inducement, 28.4 persons. In addition, in the whole country, the effect on production inducement was 13.257 billion won; that on added value inducement, 9.106 billion won; and that on employment inducement, 49.7 persons.