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A Study on the Relationships between Busan Port and the Regional Economy  

Jung, Bong Min (한국해양대학교)
Publication Information
Journal of Korea Port Economic Association / v.30, no.4, 2014 , pp. 199-217 More about this Journal
Abstract
There have been relatively lots of studies on the relationships beteen port and city. And, most of the recent studies on the subject shows that the relationship between the two parties is weakening. The contributions of a port to the city economy such as convenience of logistics service utilization, cost reduction, creation of job opportunities and value added production etc. are diminishing, whereas negative effects of port such as environmental effects, limitation of waterfront activities etc. have been increasing. On the other hand, port logistics service demand from city economy is decreasing. As for Busan city, the trend of major economic indicators and growth factor analysis results show that there is hardly any relationships between the development of transportation industry(including port logistics) and the regional economy. Especially, it is identified that most regional industry sectors excluding transportation industry failed to secure competitive advantage. Accordingly, it can be concluded that Busan city economy fails to take advantage of advanced transportation industry sector, which supports overall economic activities. On the other hand, it can be a problem for enhancement of port-city relationships that related and supporting industries of transportation industry such as information and communication industry, financial and insurance industry, and processing and assembling manufacture industry fail to secure competitive advantage in Busan city.
Keywords
Economic relationship; Deindustrialization; Logistics technology; Shift-share Analysis; Related and supporting industry;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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