Abstract
Using the inter-industry tables over the period 2010-2013 published by the Bank of Korea, this paper attempts to uncover the national economic role of the marine environmental industries through the estimation of their market size and value-added, and to analyze their economic effects through inter-industry analysis. The results show that the market size of the marine environmental industries has increased from 1.34 trillion won in 2010 to 1.97 trillion won in 2013 and their share in total national output went up from 0.04% in 2010 to 0.05% in 2013. Moreover, the value-added of the marine environmental industries, 618.5 billion won in 2010, amounted to 841.5 billion won in 2013 and their proportion in total national value-added has grown from 0.05% in 2010 to 0.06% in 2013. Three findings emerge to be used demand-driven model from the inter-industry analysis. First, the production-inducing effect of 1.0 won production or investment in the marine environmental industries has decreased from 1.8845 won in 2010 to 1.8115 won in 2013. Second, the value-added creation effect of that has declined from 0.7680 won in 2010 to 0.7063 in 2013. Third, the employment-inducing effect of 1.0 billion won production or investment in the marine environmental industries has went down from 10.17 people in 2010 to 9.18 people in 2013. In short, the market size and value-added of the marine environmental industries show an increasing trend, but their economic effects reveal a diminishing trend.
Translated title of the contribution | Estimating the Market Size of the Marine Environmental Industries and Analyzing Their Economic Effects |
---|---|
Original language | Korean |
Pages (from-to) | 536-546 |
Number of pages | 11 |
Journal | 해양환경안전학회지 |
Volume | 22 |
Issue number | 5 |
DOIs | |
State | Published - Aug 2016 |