• Title/Summary/Keyword: regional ripple effect

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Regional House Prices and the Ripple Effect in the Yangtze River Delta Region

  • Chang, Tengyuan;Deng, Xiaopeng;Tan, Yuting;Zhou, Qianwen
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.62-72
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    • 2017
  • In this study, liner unit root tests and panel unit root tests to the ratio of city to regional house price were applied to examine the ripple effects across 28 cities in the Yangtze River Delta region. Then invert LM unit root tests with two structural breaks for 10 representative cities were conducted. The results showed that there is overwhelming evidence of the existence of ripple effect in the Yangtze River Delta region, while segmentation is restricted to a small group of cities in which there is no long-run relationship with the Yangtze River Delta region average; compared to no- and one-break case, there is overwhelming evidence of a ripple effect with the LM test with two structural breaks. Furthermore, the results of the Granger causality test showed that changes in house prices in Shanghai, Nanjing and Hangzhou have led to changes in house prices in other cities. The findings of this research make certain contributions to the improvements of research system of ripple effect among regional house prices in the Yangtze River Delta Region,and could be referenced by other markets of other cities.

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Analysis of Regional Economic Ripple Effects of Port Logistics Industry in Gwangyang City - Focusing on Exogenous Specified Input-Output Model - (광양시 항만물류산업의 지역경제 파급효과 분석 - 외생화 산업연관모형을 중심으로 -)

  • Kim, Min-Seong;Na, Ju-Mong
    • 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.

The Analysis on Economic Ripple Effect of the Fishing Village New Deal 300 Project (어촌뉴딜300 사업의 경제적 파급효과 분석)

  • Lee, Seo-Gu;Kim, Jung-Tae
    • 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.

Economic and Social Impact Analysis of Jeju International Wind Ensemble Festival (제주국제관악제가 제주에 미치는 경제.사회적 영향 분석)

  • Lee, Eun-Jeong;Hwang, Kyung-Soo;Ko, Tae-Ho
    • 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.

The Major Ripple Effects of the Logistics Industry (Using a MRIO(Multi-Regional Input-Output) Analysis) (물류산업의 주요 경제적 파급효과분석 (MRIO를 이용하여))

  • Choe, Yeong-Yun;Kim, Chan-Seong;Park, Min-Cheol;Seong, Hong-Mo;Sin, Seung-Jin
    • Journal of Korean Society of Transportation
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    • v.28 no.1
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    • pp.107-114
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    • 2010
  • This study aims to identify the impact of the logistics industry on the Korean national economy. To do this, we used a MRIO table provided by the Bank of Korea which includes inter and intra regional relationship of the production and consumption for 6 areas - the Seoul Metropolitan, Gangwon, Chungcheong, Jeonra, Gyeongbuk, Gyeongnam area, but an original MRIO table was recomposed of 29 sectors focused on logistics industry for the purpose of this study. we analyzed producing-inducing effects, supply-shortage effects and inter-industry linkage effects based on logistics industry by region and industry. As a result, the logistics industry has more supply-shortage effect rather than production-inducing effect and has a higher ripple effect on the automotive in Gyeongnam area and petrochemical industry in Jeonra area. In particular, the ripple effect of th Metropolitan logistic industry was far smaller than that of other areas, because the Seoul Metropolitan industry was identified as the primary and middle demand industry.

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.

The Analysis of Linkage by Industrial Ripple Effect among Regions (산업의 지역간 파급효과에 의한 연계성 분석)

  • Kim, Sung-Rok
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.3
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    • pp.424-436
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    • 2012
  • While local autonomy is settled, each local government plans and fulfills policy to foster local industry for local development so it is important to establish industry location and economic foundation which is fitting to local conditions. Local development requires the development of local industry and it is necessary that this industry fits to the local conditions in order to be focused and developed. The regional input-output tables contain very useful data to understand the structure of local industry and interregional industry and also the analysis of linkage by industrial ripple effect among regions is needed. The study divided the country into 7 units and conducted factor analysis by using sum data of inducement coefficients in 78 parts of 2005's regional input-output tables, and as conclusion extracted 8 factors.

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The Study of Regional Economic Effect by Construction of 119 Integrated Information System through RAS Method -In the Case Gyangsngnamdo- (RAS Method을 통해 본 119소방종합정보시스템 구축 사업의 지역 경제 파급효과 분석에 관한 연구 -경상남도를 중심으로-)

  • Ryu, Tae-Chang;Kim, Yeong
    • Journal of the Korean Society of Hazard Mitigation
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    • v.7 no.4
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    • pp.41-49
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    • 2007
  • This study aims to examine the ripple effect of the '119 Integrated Information System' for city disaster management on the local economy. The study was conducted in the area of Gyeongnam province, and the study method is the interdependence analysis based on the Input Coefficient drawn from Input-Output Tables in which Intermediary Transaction Tables drawn through RAS was taken advantage of to grasp the correlation among industries and regions in terms of the local economy, and the ripple effect of the changes of political exogenous variables on the local economy was divided to such elements as production, added value, and employment so as to attempt empirical analysis on the local economy system. To estimate the ripple effect on the local economy, three different amounts of the expected input were applied to the study respectively and the results are as follows: Some $28.7{\sim}42.4$ billion won for the production induction effect, some $7.5{\sim}11.4$ billion won for the added-value induction effect, some $103{\sim}157$ job openings for the employment induction effect, and some $3.8{\sim}5.7$ billion won for the income induction effect are expected to take place as the ripple effect on the local economy.

The Regional Ripple Effects and Residents' Perceptions of the West Coast Highway on West Coast Regions of Chung-nam Province (서해안고속도로가 충남 서해안 지역에 미친 파급효과 및 주민인지)

  • Lee Chang-Seek;Yoon Jun-Sang
    • The Korean Journal of Community Living Science
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    • v.16 no.4
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    • pp.125-137
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    • 2005
  • The purpose of this study was to analyze the regional ripple effects and residents' perceptions of the West Coast Highway on four regions of Chung-nam province. The data was collected through questionnaire interviews with 400 residents in four regions of the west coast area. After data cleaning, the statistical methods used were confirmative factor and cluster analysis with 309 sampled from four regions of Dangjin, Boryong, Seosan and Taean. The results of this study were as follows. First, it is classified, according to the residents' perceptions against the opening of the West Coast Highway, into four groups. Group A is the people who haven't lived there long and mainly consists of relatively young (30's-40's) males, while Group B is the people with lower incomes and middle-aged males (40's) who have lived there for 11 to 20 years. Group C is mainly the people who are middle-aged housewives in their 40's and who haven't lived there long and with a relatively higher income. Group D is the people who lived for less than five years and had lower incomes than other groups. The results show that their perceptions against the influence of regional development differ demographically from each other. In conclusion, it was determined that most of them were concerned that it, coupled with the construction of the West Coast Highway, would damage the surrounding countryside but believed it would contribute to the growth of the region's economy. Whereas groups A and B seem to acknowledge the necessity of regional development and environmental protection, groups B and D appear to be more content with the tourism development derived from the West Coast Highway and are paying more attention to such plans than other two groups.

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Economic Effect of The Regional Fishery Product Supply Shortage - Focusing on Fisheries Risk Factors - (지역별 수산물 공급지장의 경제적 파급효과 분석 - 수산업 리스크 요인을 중심으로 -)

  • Um, Kwon-O;Lee, Mu-Hui
    • The Journal of Fisheries Business Administration
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    • v.53 no.3
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    • pp.65-83
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    • 2022
  • In addition to simply providing quality food to the people, the fishery industry must be maintained and developed because it has various functions such as national food security, preservation of natural scenery, protection of national territory, and revitalization of the local economy. However, risk factors such as climate changes and environmental destruction have raised concerns about the sustainable development of the industry. Since these risk factors are becoming larger and more complex over time, it is time to conduct research related to the risk of the fishery industry. Therefore, the purpose of this study is to explore the risk factors facing the fisheries at this point, to analyze the economic ripple effect of regional fishery product supply shortage, and to draw implications. As a result of this study, the economic ripple effect of fishery product shortage per won was highest in Busan, followed by Gangwon, Gyeongnam, and Gyeongbuk. Considering the size of the local fishery industry, Busan had the highest supply shortage per 1% of local fisheries production. It is also necessary to prepare special risk management and countermeasures for these regions since the effect of supply shortage in regions such as Jeonnam, Gyeongnam, and Jeju is large compared to other regions.