TY - JOUR
T1 - The role of the maritime industry in the Korean national economy
T2 - An input-output analysis
AU - Kwak, Seung Jun
AU - Yoo, Seung Hoon
AU - Chang, Jeong In
PY - 2005/7
Y1 - 2005/7
N2 - Environmental changes at home and abroad as well as rapid advancement in ocean technology are calling for a great shift in the perception of the maritime industry and for new policy measures. This situation demands that researchers provide policy-makers with accessible and reliable information regarding the role of the maritime industry. This study employs input-output (I-O) analysis to examine the role of the maritime industry in the national economy for the period 1975-1998, with specific application to Korea. This paper, therefore, has two major goals. The first is the development of a static I-O framework for examining the role of the maritime industry in the short run. The second goal is obtaining at least a preliminary indication of the role of the maritime industry. This study pays particular attention to the maritime industry by taking the industry as exogenous and then investigating its economic impacts. Finally, we present the results, which address inter-industry linkage effects in 32 sectors, production-inducing effects, employment-inducing effects, supply-shortage effects of the maritime sector and pervasive effects of price change in the maritime sector.
AB - Environmental changes at home and abroad as well as rapid advancement in ocean technology are calling for a great shift in the perception of the maritime industry and for new policy measures. This situation demands that researchers provide policy-makers with accessible and reliable information regarding the role of the maritime industry. This study employs input-output (I-O) analysis to examine the role of the maritime industry in the national economy for the period 1975-1998, with specific application to Korea. This paper, therefore, has two major goals. The first is the development of a static I-O framework for examining the role of the maritime industry in the short run. The second goal is obtaining at least a preliminary indication of the role of the maritime industry. This study pays particular attention to the maritime industry by taking the industry as exogenous and then investigating its economic impacts. Finally, we present the results, which address inter-industry linkage effects in 32 sectors, production-inducing effects, employment-inducing effects, supply-shortage effects of the maritime sector and pervasive effects of price change in the maritime sector.
KW - Exogenous specification
KW - Input-output analysis
KW - Korea
KW - Maritime industry
UR - https://www.scopus.com/pages/publications/11244279977
U2 - 10.1016/j.marpol.2004.06.004
DO - 10.1016/j.marpol.2004.06.004
M3 - Article
AN - SCOPUS:11244279977
SN - 0308-597X
VL - 29
SP - 371
EP - 383
JO - Marine Policy
JF - Marine Policy
IS - 4
ER -
