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http://dx.doi.org/10.17661/jkiiect.2021.14.1.70

The Analysis of Economic Impact for Fourth Industrial Revolution Industry using Demand-driven Model  

Jeong, Eun-Hee (Department of Regional Economics, Kangwon National University)
Publication Information
The Journal of Korea Institute of Information, Electronics, and Communication Technology / v.14, no.1, 2021 , pp. 70-77 More about this Journal
Abstract
This paper was reclassified industries related to the 4th industrial revolution into manufacturing, information and communication services, finance and insurance services, and science and technology services by comparing the industry association table with the Korean standard industry classification. And the economic ripple effect was analyzed by exogenizing the four sectors of the industry using a demand-driven model. The wholesale and retail and product brokerage services were measured to be large in the manufacturing, information communication services, and science technology service sector according as a result of analysis of the production inducement effect, added value inducement effect, and employment inducement effect. And the financial and insurance services were analyzed to be large in the financial and insurance services sector. The import inducement effect was analyzed to be the largest in all sectors of the fourth industry. As a result of the forward and backward linkage effect, it was confirmed that the manufacturing and the information communication services sector were the intermediate primary production type sensitive to economic fluctuations. Also it was confirmed that the financial and insurance services and the science technology services sector were the final primary production type.
Keywords
Demand-driven model; employment inducement efficient; fourth industry; input-output table; production inducement efficient; value-added inducement efficient;
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