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http://dx.doi.org/10.12811/kshsm.2017.11.2.055

Economic Effects of South Korea's Smart Healthcare Industry  

Ahn, Jeong-Min (Multicare Project Agency, Joongbu University)
Suh, Jeong-Kyo (Department of Health Administration, Joongbu University)
Publication Information
The Korean Journal of Health Service Management / v.11, no.2, 2017 , pp. 55-64 More about this Journal
Abstract
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.
Keywords
Smart Healthcare; Inducement Effect; Linkage Effect; Own- and Other Inducement Effect;
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Times Cited By KSCI : 1  (Citation Analysis)
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