• Title/Summary/Keyword: Production inducing effect

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The Economic Effect of Besides Fisheries Profit and Input-Output Analysis: ocused on the Tae-an Trial Sea Farm Project (어업 외 투자효과 및 투입산출분석 : 태안시범바다목장사업을 중심으로)

  • Choi, Jong-Du
    • The Journal of Fisheries Business Administration
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    • v.46 no.1
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    • pp.109-119
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    • 2015
  • This paper is to estimate the economic effect of benefits of the R&D and recreational fishing as well as input-output analysis in the Tae-an Trial Sea Farm Project(TTSFP). We use B/C model to indicate the effects of economic valuation. B/C analyses model consists of Benefit Cost Ratio(BCR), Net Present Value(NPV) and Internal Ration of Return(IRR). Using 5.5% discounting rates and the survey data, the sub-models show economically feasible in the all of analysis and analyzed the results as follows. NPV is 42,147 million won, BCR is 3.29 and IRR is 34.30%. This study attempts to apply input-output(I-O) analysis in connecting the economic effect of TTSFP. I-O model was constructed, focusing on three effects; the production-inducing effect, the value-added-inducing effect and employment-inducing effect. There are positive effects on economic value and job creation in Tae-an and Nation.

Investment and Economic Ripple Effects from Fostering the Digital Treatment Technology Industry (디지털 치료기술 산업 육성에 따른 투자와 경제적 파급효과)

  • Kim, Jae-Hyun;Moon, Jong Youn;Jang, Jieun;Sim, Jung Yeon;Shin, Jaeyong
    • Health Policy and Management
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    • v.30 no.4
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    • pp.438-443
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    • 2020
  • The digital treatment technology industry is one of the core fostering industries of the Moon Jae-in government along with the global trend. The purpose of this study is to compare and analyze the investment and economic ripple effect on the related industries. To this end, we used the industry-related table, which is the actual measurement data for 2015 that the Bank of Korea actually measured and released every 5 years in 2019. The digital treatment technology industry was not clearly classified within Korea's industrial classification system, so the contents of the industry-related survey were analyzed, and the digital treatment technology industry was reclassified and then analyzed. As a result of the analysis, it was analyzed that the production induction effect of the digital treatment technology-related industry in 2015 was 1.770, the value-added induction effect was 0.875, and the employment induction effect was 19.128, which was higher than that of other industries in Korea. As a result of the analysis of the economic ripple effect (scenario 1), the production inducing effect was about 370 billion won, the added value inducing effect was about 185 billion won, and the employment inducing effect was 4,044 people. The results of this study are expected to play a large role in economic revitalization as the effect of inducing production, increasing employment, and creating added value through fostering the digital treatment technology industry is expected to play a large role in activating the economy. It is expected to play a large role in providing central medical services. Therefore, it is expected that policy support for revitalizing the digital treatment technology industry through active investment support and tax benefits from the government to foster the digital treatment technology industry is necessary.

Role of the Korea Steel Industry in the National Economy Analysis (한국 철강산업의 국민경제적 파급효과 분석)

  • Jung, Kun-Oh;Lim, Eung-Soon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.9 no.3
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    • pp.831-839
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    • 2008
  • The steel industry is becoming more important around the world and the demand of steel is increasing. Korea is the 5th country of steel producing in the world and the attention in the steel industry is growing. The steel industry is one of the key industry in leading the economic growth in Korea. This study attempts to analyze by time-series the economic impacts of the steel industry using an inter-industry analysis Specifically, the study investigates production-inducing effect, value added inducing effect and employ-inducing effect of the steel industry based on demand-driven model and the study deals with supply shortage effect and sectoral price effect of the steel industry by using supply-driven model and Leontief price model.

Using the Demand-driven Model-based Inter-industry Analysis to Examine the Economic Effects of Petroleum Refinery Sector (수요유도형 모형 기반 산업연관분석을 적용한 정유 부문의 경제적 파급효과 분석)

  • Kim, Ho-Young;Song, Tae-Ho;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.24 no.1
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    • pp.104-113
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    • 2015
  • This study tried to conduct a comparative analysis on the yearly economic effects of petroleum products sector. Inter-industry tables published 1990~2012 are used in this study. Especially petroleum products sector is specified as exogenous to identify the economic effects on own and other sectors. Production-inducing effect, value-added creation effect, and employment-inducing effect are quantified based on demand-driven model. The results of the analysis, the case of annual production inducing-effect, show the downward trend from 1993 to 2008. and It seemed to be constant from 2009 to 2012. The value-added inducing-effect, from 1990 to 1998, shows a rising trend. the since 1998, it was found to decline steadily. Employment-inducing effect is shown a steadily decreasing trend from 1990 to 2008, and has been kept constant from 2010 at the level under 1.300(person/one billion won). These results of in comparison with the past are significant in that it can be objectively evaluate the domestic oil industry at the present time. and it can be usefully utilized to predict the economic effect of future oil industry.

Measuring the Economic Impacts of Hydrogen Economy in South Korea: An Input-output Approach (산업연관분석을 이용한 수소경제의 경제적 파급 효과 분석)

  • SU-BIN CHOI;JU-HEE KIM;SEUNG-HOON YOO
    • Transactions of the Korean hydrogen and new energy society
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    • v.34 no.5
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    • pp.398-412
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    • 2023
  • The Korean government is actively promoting the hydrogen industry as a key driver of economic growth. This commitment is evident in the 2019 hydrogen economy activation roadmap and the 2021 basic plan for hydrogen economy implementation. This study quantitatively analyzes the economic impact of the hydrogen economy using input-output analysis based on the Bank of Korea's 2019 input-output table, projecting its size by 2050. Four parts dealt with production-inducing, value-added creation, employment-inducing, and wage-inducing based on a demand-driven model. The results reveal that transportation had the most remarkable economic effect throughout the hydrogen economy, and production was the least. The hydrogen economy is projected to reach 71.2 trillion won by 2050.

Industry Analysis of Chungchong area Using Regional Inter-Industry Table (지역산업연관표를 이용한 충청지역 산업분석)

  • Lim, Eung-Soon;Jung, Kun-Oh
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.6
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    • pp.1361-1368
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    • 2009
  • This study attempts to present investment priorities and select industry for regional economic reinvigorating by analysing regional inter-industry of Chungchong area(including Chungnam and Chungbuk region) After the regional inter-industry table of Chungchong area has been made using a location quotient(LQ) method based on national inter-industry table of 2006 derived from national inter-industry table of 2003 using RAS method, various kind of impacts to Chungchong area are analysed. Manufacturing has the highest result in the result of production-inducing effect and value-added-inducing effect and hotels and restaurants has the highest result in employ-inducing effect. Sensitivity coefficient is highly analysed in mining and quarrying and influential coefficient is highly analysed in manufacturing.

Comparative Analysis on the Economic Effects of Integrated-Energy and Manufactured Gas Supply Sectors (집단에너지 부문과 도시가스 부문의 경제적 파급효과 비교분석)

  • Park, So-Yeon;Lee, Kyoung-Sil;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.23 no.2
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    • pp.83-92
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    • 2014
  • This paper attempts to conduct a comparative analysis on the economic effects of integrated-energy and manufactured gas supply sectors. To this end, an input-output (I-O) analysis is applied using most recently published 2011 I-O table. In particular, the two sectors are specified as exogeneous to identify the economic effects on own and other sectors. Production-inducing effect, value-added creation effect, and employment-inducing effect are quantified based on demand-driven model. Supply shortage effect and price pervasive effect are analyzed employing supply-driven model and Leontief price model, respectively. The results show that production-inducing effect, value-added creation effect, and employment-inducing effect of integrated-energy and manufactured gas supply sectors are estimated to be 1.5461 vs. 1.0297, 0.4759 vs. 0.1941, and 2.2885 vs. 0.4053 respectively. Price pervasive effects of the 10% increase in integrated-energy and manufactured gas supply sectors are computed to be 0.0127% and 0.1585%, respectively. This information can be utilized in forecasting the economic effects of introducing integrated-energy or manufactured gas as a heating source and the impacts of a rise in price of integrated-energy or manufactured gas on price level of other sectors.

Influence of Genotype and Ecotype on Anther Culture Efficiency in Hot Pepper (Capsicum annuum L.) (고추의 유전자형 및 생태형이 약배양 효율에 미치는 영향)

  • 김용권;권오열;윤화모
    • Korean Journal of Plant Tissue Culture
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    • v.26 no.1
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    • pp.49-52
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    • 1999
  • The influence of genotype and ecotype on the anther culture efficiency using hybrid of hot pepper (Capsicum annuum L.) was investigated. Anther culture efficiency was differently dependent on the genotype of parents. In the efficiency of embryo production, the cross combination using female parents with high embryo inducing ability was higher than those with low embryo inducing ability. It was shown that genotype and cytoplasm has effect on embryo production. Also the embryogenic ability was different according to ecotype of cross lines. The frequency of embryo production were the highest in Local variety $\times$ pimento cross combinations with 17.8~46.1 and the lowest in Pimento $\times$ Local variety cross combinations with 5.4~8.5%. Embryo inducing frequency was the middle value with 10.25~23.1% in Local variety $\times$ Tropical variety, Tropical variety $\times$ Local variety, Tropical variety $\times$ Pimento, and Pimento $\times$ Tropical variety cross combinations.

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Analyzing the Market Size and the Economic Effects of the Oceans and Fisheries Industry (해양수산업의 시장규모 및 경제적 파급효과 분석)

  • Kim, Joseph;Jung, Dong-Won;Yoo, Seung-Hoon
    • Ocean and Polar Research
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    • v.38 no.1
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    • pp.59-70
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    • 2016
  • Establishing the strategic plans to foster the oceans and fisheries (O&F) industry as an engine for national sustainable economic growth has become an important task for developing countries as well as developed countries. The first step to do so is to identify O&F industry and analyze its economic effects. Therefore, the prime purposes of the paper are two-fold. The first is to identify O&F industry and estimate its market size using 2012 Input-Output (I-O) table published by the Bank of Korea. The second purpose is to obtain some quantitative information on production-inducing effect, value-added creation effect, and employment-inducing effect of the O&F industry. To this end, we apply an IO analysis using exogenous specification of the O&F industry. The results show that the O&F industry covers 4.1% and 3.0% of national output and gross domestic product, respectively. Moreover, we found that 1.0 won of production or investment in the O&F industry induces 1.7363 won of production and 0.4759 won of value-added in the national economy. One billion won of production or investment in the O&F industry touches off 7.5569 persons of employment. This information can be utilized in the O&F industry-related policy-making.

The Economic Effects of the Expanding Manufacture and Utilization of Solid Refuse Fuel (SRF) Facilities in Korea : An Input-output Analysis (SRF 제조·활용 시설 확대의 경제적 파급효과 분석)

  • Cho, Yongcheol;Park, Soyeon;Yoo, Seunghoon
    • Journal of Energy Engineering
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    • v.25 no.3
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    • pp.95-103
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    • 2016
  • The government is trying to expanding the manufacture and utilization of solid refuse fuel (SRF) facilities in order to mitigate greenhouse gases reducing and eco-friendly waste-to-energy recovery. In this regard, this study attempts to look into the economic effects of expanding the manufacture and utilization of SRF facilities by applying an inter-industry analysis using a 2014 input-output table. Specifically, by applying the demand-driven model presents the results for the production-inducing effect, value-added creation effect, and employment-inducing effect. In particular, this study attempted to redefine for the SRF. In addition, it was accessed by exogenous around the manufacture and utilization of SRF sector. The results show that production-inducing effect and value-added creation effect of expanding the manufacture and utilization of SRF facilities for the investment of 1.0 won are estimated to be 1.9993 and 0.6747, respectively. The employment-inducing effect of one billion of investment in the expanding the manufacture and utilization of SRF facilities is computed to be 11.1982 persons. This information can be utilized in predicting the economic effects of the manufacture and utilization of SRF.