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http://dx.doi.org/10.14578/jkfs.2020.109.4.521

Input-Output Analysis Focused on Forestry and Wood Industry in Korea  

Min, Kyungtaek (Department of Forest Policy Research, Korea Rural Economic Institute)
Publication Information
Journal of Korean Society of Forest Science / v.109, no.4, 2020 , pp. 521-531 More about this Journal
Abstract
In order to identify the economic impacts of forest-related industry on the national economy in general and the linkages between forestry and its related industries, an input-output analysis was conducted using the 2015 Input-Output Tables of the Bank of Korea. Production inducement effects are relatively high in paper products, lumber, and silviculture and relatively low in other wood industries. Value-added inducement effects are relatively high in silviculture and log production. With respect to the wood products industry, forward linkage effects are higher and backward linkage effects are lower. A Ritz-Spaulding multiplier analysis revealed that the growth of wood products production has only a modest impact on the growth of forestry. How to increase the linkage between forestry and the wood products industry is one of the most important policy tasks in Korea, given that it affects forest ecosystem management and climate change mitigation efforts.
Keywords
forestry; input-output analysis; Ritz-Spaulding multiplier; wood-based industry;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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