• International Area Studies Review
• /
• v.18 no.3
• /
• pp.175-201
• /
• 2014

This paper analyses the effect of R&D investment on local economies. R&D investment contributes to the regional local economy by increasing employment and production activity of the investees. The investees may end up with increased productivity, sales and employment. At the regional R&D level, the central government R&D fund and firm self R&D budget will be the source of R&D investment. Further positive effects are inter-related with local industries. This study carried out an empirical analysis on the effect of R&D investment on local economies using Korean panel data after comparing international literatures. The dynamic panel estimator is used to estimate an autoregressive model with lagged dependent variable. Using the Da Silva method, mixed variance-component moving-average error process is estimated and selected. R&D investment is very important factor to improve the productivity of a region and the size of the effect is dependent on the time periods within the Korean economic history.

• Economic Analysis
• /
• v.25 no.4
• /
• pp.25-57
• /
• 2019

This paper studies localization effects of knowledge spillovers in Korea using U.S. patents granted over the period 1996-2015. The "sample-matching" analysis initiated by Jaffe, Trajtenberg, and Henderson (1993) is adopted. We do not find evidence of positive localization effects in Korea. In particular, controlling for the existing geographic distribution of knowledge production, the frequency of domestic citations of Korean patents is no more than the citation frequency from overseas, and the difference is decreasing within the sample period. We also examine localization effects across regions and industries, and compare Korea with Taiwan and Japan.

• The Journal of the Korea Contents Association
• /
• v.11 no.10
• /
• pp.187-196
• /
• 2011

This study aimed to estimate the economic impact of the '2011 Seoul Motor Show' using a direct survey-based regional input-output(I-O) model. Based on the regional I-O table, Exhibition multipliers were derived with respect to output, income, employment, value-added and indirect tax. Attendees' survey was conducted to estimate per capita expenditure. The results of this study indicated that all attendees of '2011 Seoul Motor Show' generated 53.1 billion Won of output impact, 11.7 billion Won of income impact, 24.1 billion Won of Value-added impact, 2.6 billion Won of tax impact, and 1,030 part-time and full-time jobs throughout direct and indirect effects. Another result of this study was that output multiplier of the exhibition industry was similar with other industries, however, income, employment and value-added multipliers were relatively larger than those of other industries.

• Journal of the Korean Society of Hazard Mitigation
• /
• v.8 no.6
• /
• pp.93-100
• /
• 2008

Dense of population construction and high density of skyscraper, and geological characteristics caused natural disasters(e.g. typhoon, tsunami, flood, storm, earthquake, etc.) and manmade disasters(e.g. fire, collapse, explosion, traffic accident, etc.). the extent and scale of the disaster are getting larger. To cope with such problems, Busan City has established the basic plan to secure the life and property of the citizens through model strategy and design of Ubiquitous-Safety Busan. This study quantitatively analyzed the ripple effect on local economy through the fulfillment of Ubiquitous-Safety. The production inducing effect of 250 billion won directly and indirectly can be estimated due to the realization of Ubiquitous-Safety. The value added effect of 115 billion won can be estimated. the employment effect of 5,580 persons can be generated with income effect of 51 billion won.

• Environmental and Resource Economics Review
• /
• v.22 no.4
• /
• pp.817-841
• /
• 2013

The purpose of this study is to examine feasibility of the 'Master Plan of 2013 Slow Food Expo(2013 AsiO Gusto), Korea' and to analyze the following economic effect. To this end, we used existing data and statistics, and estimated the demand by means of survey for people's traveling and questionnaires for ordinary Koreans. For examining financial feasibility for hosting the Expo, BC ratio (Benefit-Cost Ratio) and NPV (Net Present Value) was applied. For estimating the economic effect following the Expo, the effect on all over the country and the Gyeong-gi province was analyzed, using the MRIO (Model of Regional Input-Output). Specifically, with the net effect of Expo, the economic feasibility test shows 1.04~2.15 BC ratio with 10% free admission, and 1.02~2.27 BC ratio in Finance analysis. Furthermore, the Expo feeds through Gyeong-gi (including Nam-yang-ku) regional economies with production induction effect, value-added induction effect, and employment induction effect. The amounts of regional effects are 373.6~738.7 billion won, 166.2~327.4 billion won, and 1,971~2,009 persons, respectively. Also, the "2013 Slow Food Expo, Korea" was analyzed profitable in general. Residents in Nam-yang-ju expects the Expo to bring vitalities into their hometown. The Expo is highly related to the positive economic effectiveness of Nam-yang-ju.

• Journal of Agricultural Extension & Community Development
• /
• v.19 no.4
• /
• pp.1041-1066
• /
• 2012

This article aims to analyse the change factor of the industry in rural area. As the regional economy is consist of variety industry in local Revitalization of Rural Economy should consider the growth factor of industry. Analytical method is Shift-Share analysis, analysis data is used GRDP of the 5 target area. Analysis is showed that Agriculture, forestry and fishing is leading position. but Farm population decreased rapidly underway. Side work farmer and industry population is increasing rapidly. the Regional Economic growth inhibitory of 5 Gun is the weakness of the internal factor. especially Competition component is than industry-Mixed component. and the Growth of Agriculture, forestry and fishing is external factor. To improve the regional economy, 5 Gun must improve the fault. and the growth of Agriculture, forestry and fishing should promote the consumption of local products to as the local food system.

• Journal of the Economic Geographical Society of Korea
• /
• v.14 no.4
• /
• pp.616-627
• /
• 2011

The study aims to analyze the effects of attracting companies from Seoul Metropolitan Area on regional value-added and employment using a regional input output model and to suggest the most appropriate categories in attracting business based on the result from the analysis. It is assumed that large manufacturing companies in Seoul Metropolitan Area are relocated to 5+2 supra-economic region in this paper. The result shows that selection of categories in attracting businesses should be depend on the characteristic of regional industrial structure. Also, it is derived that establishing a differentiated strategy in attracting businesses is essential.

• International Area Studies Review
• /
• v.15 no.2
• /
• pp.151-173
• /
• 2011

The purpose of this paper is to examine the impact of production factors on economic growth in China during 1979~2008. In order to grasp the determinant and contribution analysis, we take fixed effect model and random effect model and Hausman test to choice model. The results show that the finance variable (rsav) and SOC variable (rsoc) have negative effects on the economic growth in the long run except some models. But unimproved raw labor variable (rlab), physical capital variable (rcap) and education variable (redu) shows strongly positive effect for the same time. We found the meaning of coefficients of growth factors. relative contribution of each input to per-capita growth in China. The direct elative contribution of physical investment to per-capita growth gives 35.9 percent in total model (TMO) and unimproved raw labor contributes only 4.7 percent. In all modes, physical investment (rcap) was the most important contributor of predicted growth in China economy.

• International Area Studies Review
• /
• v.12 no.3
• /
• pp.567-588
• /
• 2008

This study was proceeded with interest on residents' perception of local festival(Boryeong City, Korea) and tried to examine the relation with their participation level and satisfaction. This study used 'festival visiting experience' as moderating variable with the expectation of difference in residents' perception according to visit. This study result indicated that residents can recognize local festival negatively if they feel they have no benefit from the festival even though the festival has many visitors with growing reputation. Also, festival visiting experience has no moderating effect on residents' participation intention in this study. The facts also find that the residents-oriented festival planning and promotion is more important in the partnership with local government and private sector-local residents. Further, it is very important to notice internal customer as well as external customer to ensure residents' satisfaction and participation.

• Journal of the Economic Geographical Society of Korea
• /
• v.18 no.2
• /
• pp.137-151
• /
• 2015

The EXPO 2012 Yeosu Korea is a leading special event held in Yeosu city, Jeonnam Province from May to August 2012. It is a general expectation to encounter many research papers on the analyses of economic impacts of special event after the event was held. As far as we found, however, there is no related research. With based on these issues, the aim of this article is to identify and examine the economic impacts of the EXPO 2012 Yeosu Korea in hosting area, Yeosu area. The economic impacts of EXPO 2012 Yeosu Korea in Yeosu area are as follows; increase of total number of business, increase of total amount of global income tax, in particular, tourism related business such as food and hospitality sectors, production inducement effect about 8 trillion and 5,783 billion won in the entire industrial sector, and production inducement effect about 3 trillion and 8,097 billion won in the tourism related industrial sector.