• Title/Summary/Keyword: economic output

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CONTRIBUTION OF NUCLEAR POWER TO THE NATIONAL ECONOMIC DEVELOPMENT IN KOREA

  • Lee, Man-Ki;Nam, Kee-Yung;Jeong, Ki-Ho;Min, Byung-Joo;Jung, Young-Eek
    • Nuclear Engineering and Technology
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    • v.41 no.4
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    • pp.549-560
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    • 2009
  • Over the last three decades, nuclear technology development has played a vital role in the socio-economic development of the Republic of Korea. This study, being the first of its kind, focuses on quantifying the actual economic contribution of nuclear technologies to economic development by evaluating the net benefit of the nuclear power with respect to the country's Gross Domestic Product (GDP). An input-output analysis was employed as a methodological approach to analyze inter-industrial economic activities by calculating the industrial value added as a means of the economic contribution during the period of 1980 to 2005. The industrial value added of nuclear technologies was estimated from the construction and operation of nuclear power (backward-linked industrial value added) and from the industrial activities attributed to the electricity generated by the nuclear power (forward-linked industrial value added). It was found that the total net contribution of nuclear technologies as a percentage share of GDP amounted to 2.38% in 2005.

A Study on Application Methods to Economic Impact Analysis on R&D of Geoscience and Mineral Resources in Input-Output-Outcome Perspective (연구성과(outcome) 관점에서 지질지원 분야 연구개발의 경제적 파급효과 분석 방법론 적용)

  • Ahn, Eun-Young;Kim, Seong-Yong
    • Economic and Environmental Geology
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    • v.39 no.6 s.181
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    • pp.787-801
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    • 2006
  • Focused in the characteristic of R&D on Geoscience and Mineral Resources as basic research area, we survey on methods of public works' economic impact analysis including cost-benefit analysis and resent technology evaluation methods and suggest apply-methods to conduct economic impact analysis on R&D of geoscience and mineral resources. To conduct economic impact analysis on the basic research area, it need to identification research's out-come not just output. In this perspective, we propose a method, Input-Output-Outcome Roadmapping to identify the outcome of R&D and show the relation of input, output, and outcome of R&D. Furthermore, noticing the different effects of R&D from public works, we directly evaluate the use-value of the academic theory or geological maps through Contingent Valuation Method(CVM) and others developed as evaluation methods on environmental goods. In indirect application methods, it can evaluate the partial of the pubic works' benefit with assuming R&D factors if R&D is a part of public works. If not, we evaluate the R&D's value as reductions of costs or additions of benefit with finding related public works.

A study on the estimation of the K-address information industry and its economic effect (주소정보산업 규모 산정 및 경제적 효과 분석)

  • Kim, Daeyong
    • Journal of Cadastre & Land InformatiX
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    • v.54 no.1
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    • pp.33-48
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    • 2024
  • This study aims to establish the scope and statistics of the K-address information industry in Korea, estimating its size and prospects and estimates the economic effects through K-address information industry based on Input-Output analysis. Considering the characteristics and sectoral structure of the K-address information industry, the study delineates the scope and specific sectors, constructing sectoral statistics linked to the KSIC and the Bank of Korea's industrial classification. The study estimates the sectoral industry size, taking into account potential markets. Furthermore, it analyzes the economic impact of each sector within the K-address information industry. To figure out the economic effects, the study conducts Input-Output analysis by setting the K-address information industry as an exogenous sector in the input-output table. The results indicate that the overall size of the K-address information industry is estimated to grow from 406.1 billion KRW in 2021 to 3.65 trillion KRW in 2030. The economic effects of the K-address information industry vary by sector, emphasizing the importance of synergies and integration with related sectors, particularly those with significant inducement effects in high value-added manufacturing and service sectors. Furthermore, the industry's sensitivity to economic fluctuations is evident through the input-output analysis of inter-industry chain effects.

Economic Effects of the Port Industries (항만산업의 경제적 파급효과)

  • Kim, An-Ho;Gi, Seong-Rae
    • Journal of Korea Port Economic Association
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    • v.21 no.4
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    • pp.141-160
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    • 2005
  • This paper estimate and analyze the economic effect of the port industries as well its production inducement coefficient, effect ratio and response ratio using above-mention input-output analysis. The results of analysis is that the production inducement effects and the forward and backward linkage effects of port industries sectors are evaluated low evaluations. This results is not the port industry doesn't have low effects and low contributions to Korea economy, port industries are more used in the field of export and import sectors than domestic demand and supply sectors. Accordingly, the import inducement coefficients of shipping industry is most high among the 404 detailed sectors.

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An Analysis on the economic and technological effects of Smart UAV Development Project (스마트무인기 기술개발의 경제적·기술적 파급효과 분석)

  • Park, Sang-Bum
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.7
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    • pp.2991-2995
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    • 2011
  • The Smart UAV is one of the 21st Century Frontier R&D Programs funded by the Ministry of Knowledge Economy. This paper is to analyze the economic and technological effects of the Smart UAV project. Interindustry Analysis (Input-Output Analysis) is used, Overall, the total amount of economic effects is almost 13,000 billion won.

Strategic Considerations for Development of the ICT Industry in Korea: Exploratory Research Using Input-Output Analysis

  • Jung, Joonhwa
    • STI Policy Review
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    • v.7 no.2
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    • pp.85-105
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    • 2016
  • This study compares the economic impacts among ICT sectors and derives strategic considerations for development of the ICT industry in Korea. Prior to analysis, this study classified ICT industry into four sectors: ICT equipment, components, service, and SW/system. This study conducted Input-Output Analysis on the four ICT sectors. An Input-Output Analysis is a quantitative economic technique that represents the direct and indirect interdependencies between different industries of a national economy. Features of each ICT sector were observed in the results. Within the ICT equipment sector, production is decreasing, import dependence is increasing, and employment size is very low, relative to the overall ICT industry. The component sector accounts for the over half of the output and value added of the ICT industry, but domestic production has recently declined. The subsector experienced decreasing production and increasing imports relative to the other ICT subsectors. In the service sector, output is small but its production and employment impact is very high. The fourth sector, ICT SW/system, has very low impact on production but high impact on employment. These features suggest two strategies to develop the ICT industry in Korea. First, the ICT component and service sectors should be promoted to stimulate growth of the national economy. Second, to encourage employment growth, policies should promote the ICT SW/system and service sectors.

Measuring the Degree of Integration into the Global Production Network by the Decomposition of Gross Output and Imports: Korea 1970-2018

  • KIM, DONGSEOK
    • KDI Journal of Economic Policy
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    • v.43 no.3
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    • pp.33-53
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    • 2021
  • The import content of exports (ICE) is defined as the amount of foreign input embodied in one unit of export, and it has been used as a measure of the degree of integration into the global production network. In this paper, we suggest an alternative measure based on the decomposition of gross output and imports into the contributions of final demand terms. This measure considers the manner in which a country manages its domestic production base (gross output) and utilizes the foreign sector (imports) simultaneously and can thus be regarded as a more comprehensive measure than ICE. Korea's input-output tables in 1970-2018 are used in this paper. These tables were rearranged according to the same 26-industry classification so that these measures can be computed with time-series continuity and so that the results can be interpreted clearly. The results obtained in this paper are based on extended time-series data and are expected to be reliable and robust. The suggested indicators were applied to these tables, and, based on the results we conclude that the overall importance of the global economy in Korea's economic strategy has risen and that the degree of Korea's integration into the global production network increased over the entire period. This paper also shows that ICE incorrectly measures the movement of the degree of integration into the global production network in some periods.

Economic Repercussion Effects of the Domestic Satellite Industry (국내 위성산업의 경제적 파급효과)

  • Yeo Jae-Hyun;Kim Soo-Hyun
    • Journal of Information Technology Applications and Management
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    • v.13 no.1
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    • pp.67-75
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    • 2006
  • In this paper, we investigate the economic repercussion effects of the domestic satellite industry. The market size of the satellite industry between 2005 and 2009 is forecasted based on the world market forecast. By using the Input-Output analysis technique, three kinds of repercussion effects (domestic production, value added, workers induced by the satellite industry) between 2005 and 2009 are calculated.

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Estimating the Economic Impact of '2011 Seoul Motor Show' Using Regional Input-Output Model: Based on Expenditures of Exhibition Attendees (지역산업연관모델을 이용한 '2011 서울모터쇼'의 경제적 파급효과 분석: 전시참관객의 지출액을 바탕으로)

  • Kim, Dae-Kwan;Han, Youn-Joo;Lee, Sang-Min;Choe, Yeong-Bae;Song, Soo-Yeop
    • The Journal of the Korea Contents Association
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    • v.11 no.10
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    • pp.187-196
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    • 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.

Estimating the Local Economic Impact of National Natural Recreation Forests Using Regional Input-Output Model (지역산업연관분석을 이용한 국립자연휴양림의 지역경제 파급효과 분석)

  • Han, Sang-Yoel
    • Journal of Korean Society of Forest Science
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    • v.100 no.2
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    • pp.218-225
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    • 2011
  • The purpose of this study is to estimate the economic impacts of National Natural Recreation Forests using a regional input-output (I-O) model. Based on the regional I-O transactions tables developed by Bank of Korea (2009), National Natural Recreation Forests related sectional multipliers were derived with respect to output, income, employment, and value-added. Furthermore, surveys questioned National Natural Recreation Forests visitors in order to estimate per capita expenditures. The result shows that one National Natural Recreation Forests generated 3,380 million Won of output impact, 328 million Won of income impact, 1,017 million Won of value-added impact, and 22 full-time jobs within local effect, respectively. Also, one National Natural Recreation Forests generated 687 million Won of output impact, 85 million Won of income impact, 245 million Won of value-added impact, and 6 full-time jobs outside local effect, respectively.