• Journal of Korean Society of Transportation
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• v.23 no.2
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• pp.83-92
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• 2005

We try to evaluate the stock level of Korean transportation infrastructure comparing Korean SOC stock level with those of OECD countries. In order to do so, we work on indices to show the transportation infrastructure stock levels of various countries. Among several indices, we select the effective road-extension rate per population density and the effective railroad-extension rate per population density corresponding to road and railroad. We compare Korean road and railroad stock levels with those of OECD countries, to make use of the effective road-extension rate per population density and effective railroad-extension rate per population density. We choose the Britain, Greece, Portugal, and Sweden to compare Korea because their sizes of population and territory are similar to those of Korea. Using International comparison, we arrive at the conclusion that Korean road and railroad stock levels are 63.4% and 53.2% of those of four countries respectively. In addition, we estimate the target level of road and railroad stocks and compute the target level of investments in road and railroad based on the result.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.29 no.3D
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• pp.357-362
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• 2009

The Investment to road projects has been a hot issue in the aspect of its possible overlapping or overinvestment in Korea. Therefore, additional road construction is not always accepted in these days. This paper investigated several indices including the country index and the road-extension rate index as well as a newly developed index for identifying and comparing road stocks among the OECD countries. Furthermore, the study has estimated some reasonable amount of additional road stocks of Korea when its GDP becomes twenty thousands per capita to forty thousands per capita in future by comparing the amount of stacks of OECD countries at those times. The result can be used for setting the target of road stocks in practical manner in the absence of the universally accepted theory in the road stock provision arena.

• Journal of Korean Society of Transportation
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• v.19 no.5
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• pp.35-45
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• 2001

In this research, we estimated annual gross fixed capital stock of transport sector, such as road, railroad, airport and seaport during 1968-1997 in Korea. As basic analytic method, we used the polynomial benchmark method. The polynomial benchmark method requires capital stock estimates of at least two benchmark-years and is distinguished from other methods in the fact that retirement rate can be estimated within the model. To estimate gross fixed capital stock of transport sector. we used the basic data on national wealth surveys in 1968, 1977, 1987 and 1997. and investment data of each transport sector during 1968-1997. We used the most reasonable data in the process of estimation after reviewing the collected data. In estimating, some retirement rates were estimated at (-) value, so we have applied various method to fix up the problem. At last, we have reported several estimation results which can be considered as reasonable ones. Compared our results with those of other researches in Korea, estimates in our research project could be said more accurate than those.

• Journal of Korean Society of Transportation
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• v.20 no.6
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• pp.45-56
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• 2002

In this research we estimated regional gross fixed capital stock of transport sector, such as road railroad, airport and seaport during 1968-1997 in Korea. We also compared our estimation results with those of Korea and Japan. As basic analytic method, we used the regional allocation method. To estimate regional gross fixed capital stock of transport sector, we used the basic data on national wealth surveys in 1997, regional land price index and regional facilities index in transport sectors. We used the most reasonable data in the process of estimation after reviewing the collected data In order to get the reasonable capital stock by regions. we chose the allocation index which can minimize the difference between the estimated result and the real regional capital stock in the process to allocate the total gross capital into the regions. Compared our results with those of other researches in Korea, estimates in our research project could be said more accurate than those.

• International Journal of Highway Engineering
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• v.15 no.3
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• pp.137-149
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• 2013

PURPOSES: This study is to suggest the Contribution of Road Capital in Industry and Optimal Level of Road Investment in South Korea METHODS: Based on the literature review, This research is empirically estimated using disaggregate and disaggregated data composed of 10-sectors covering the entire korea economy for the period 1970~2000. The relevant policy questions addressed in this report are : cost reduction and Scale elasticities of road, effect of road capital stock on demand for labor, capital and materials, marginal effect of road, industry TFP growth decomposition, Net Social Rates of Returns, optimal of road capital. RESULTS : The marginal benefits of the road capital at the industry level were calculated using the estimated cost elasticities. Demand for the road capital services varies across industries as do the marginal effects. The marginal benefits are positive for the principal industries. This suggests that for these industries the existing stock of road capital may be under supplied. CONCLUSIONS: This results emerges is that the ratio of the optimum to actual road capital, measured by road, was high at beginning of the period 1970s and declined 1990s. There appears to be evidence of under-investment in road capital. That is continuous and premeditated investment for road which lead to saving time and finance.

• The Journal of the Korea institute of electronic communication sciences
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• v.10 no.8
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• pp.851-860
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• 2015

Transport Social Overhead Capital refers to public utilities necessary for a nation's basic economic activities, and is divided into roads, railway, subway, ports and so on. It is important to be able to provide these SOC in the right place at the right time to enhance productivity and competitiveness of a nation. In this study, correlation and factor analysis on countries' socioeconomic and transport indicators were performed in order to understand the need for expansion of SOCs including railway, and to identify the impact they have on national competitiveness(productivity). As a result, GDP showed high correlativity(0.59~0.99) with factors such as population, land area, extension of available railroad, and road extension. Specifically, through the analysis of Russia's urban transport system and comparison between socioeconomic indices and SOCs of OECD countries, it was examined that how increasing transport infrastructure investments could enhance national competitiveness. In conclusion, opening new Light Rail greatly affects the growth of GDP followed by the increasing extension of available railroad. Furthermore, if available railroad extension is increased by 10 % from 2014, assuming high speed tram is opened, GDP will likely increase by 21.6%.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.772-775
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• 2008

According to Korean Ministry of Land, Transportation and Maritime Affairs, total national SOC(Social Overhead Capital) stock comes up to 500 billion dollars. Until now, although the construction of SOC is more important than the maintenance of them in Korea, it is necessary to introduce of valuation based total asset management concept in nowadays. In this paper describes problems of exsiting data collection method, needs of Information Technology and introduction of RFID/USN(Radio Frequency IDentification/Ubiquitous Sensor Network) in data collection stage.