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The role of the maritime industry in the Korean national economy: an input-output analysis

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  • Kwak, Seung-Jun
  • Yoo, Seung-Hoon
  • Chang, Jeong-In

Abstract

Environmental changes at home and abroad as well as rapid advancement in ocean technology are calling for a great shift in the perception of the maritime industry and for new policy measures. This situation demands that researchers provide policy-makers with accessible and reliable information regarding the role of the maritime industry. This study employs input-output (I-O) analysis to examine the role of the maritime industry in the national economy for the period 1975-1998, with specific application to Korea. This paper, therefore, has two major goals. The first is the development of a static I-O framework for examining the role of the maritime industry in the short run. The second goal is obtaining at least a preliminary indication of the role of the maritime industry. This study pays particular attention to the maritime industry by taking the industry as exogenous and then investigating its economic impacts. Finally, we present the results, which address inter-industry linkage effects in 32 sectors, production-inducing effects, employment-inducing effects, supply-shortage effects of the maritime sector and pervasive effects of price change in the maritime sector.

Suggested Citation

  • Kwak, Seung-Jun & Yoo, Seung-Hoon & Chang, Jeong-In, 2005. "The role of the maritime industry in the Korean national economy: an input-output analysis," Marine Policy, Elsevier, vol. 29(4), pages 371-383, July.
  • Handle: RePEc:eee:marpol:v:29:y:2005:i:4:p:371-383
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    2. Chang, Young-Tae & Shin, Sung-Ho & Lee, Paul Tae-Woo, 2014. "Economic impact of port sectors on South African economy: An input–output analysis," Transport Policy, Elsevier, vol. 35(C), pages 333-340.
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    5. Wang, Ying & Hu, Jianfeng & Pan, Haoran & Li, Shiyu & Failler, Pierre, 2016. "An integrated model for marine fishery management in the Pearl River Estuary: Linking socio-economic systems and ecosystems," Marine Policy, Elsevier, vol. 64(C), pages 135-147.
    6. Byun, Jeongeun & Park, Hyun-woo & Hong, Jae Pyo, 2017. "An international comparison of competitiveness in knowledge services," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 203-213.
    7. Yong Jin Kim & Chan Young Kim & Yong Jae Shin, 0. "The effects of ubiquitous healthcare service on the south Korean Economy: using input–output analysis," Information Systems Frontiers, Springer, vol. 0, pages 1-12.
    8. Jiang, Xu-Zhao & Liu, Tie-Ying & Su, Chi-Wei, 2014. "China׳s marine economy and regional development," Marine Policy, Elsevier, vol. 50(PA), pages 227-237.
    9. Egan, Michael & Hynes, Stephen, 2014. "Results from a short survey of Marina visitors and operators in Ireland," Working Papers 262586, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    10. Papadopoulou, Georgia & Sambracos, Evangelos, 2014. "Recent Evolution of Cruise Activities in European Ports of Embarkation: a Quantitative and Economic Approach," MPRA Paper 68626, University Library of Munich, Germany.
    11. Lee, Choong Bae & Wan, Junbin & Shi, Wenming & Li, Kevin, 2014. "A cross-country study of competitiveness of the shipping industry," Transport Policy, Elsevier, vol. 35(C), pages 366-376.
    12. repec:eee:transa:v:118:y:2018:i:c:p:480-493 is not listed on IDEAS
    13. Morrissey, Karyn & O'Donoghue, Cathal, 2011. "The Marine Economy and Regional Development," Working Papers 148923, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    14. Ding, Juan & Ge, Xueqian & Casey, Ryan, 2014. "“Blue competition” in China: Current situation and challenges," Marine Policy, Elsevier, vol. 44(C), pages 351-359.
    15. Lee, Min-Kyu & Yoo, Seung-Hoon, 2014. "The role of the capture fisheries and aquaculture sectors in the Korean national economy: An input–output analysis," Marine Policy, Elsevier, vol. 44(C), pages 448-456.
    16. Gaygysyz Ashyrov & Tiiu Paas & Maryna Tverdostup, 2018. "The Input-Output Analysis Of Blue Industries: Comparative Study Of Estonia And Finland," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 109, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    17. Lee, Min-Kyu & Yoo, Seung-Hoon, 2016. "The role of transportation sectors in the Korean national economy: An input-output analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 93(C), pages 13-22.
    18. repec:gam:jsusta:v:11:y:2019:i:4:p:1053-:d:206807 is not listed on IDEAS
    19. repec:gam:jsusta:v:10:y:2018:i:12:p:4844-:d:191566 is not listed on IDEAS
    20. Surís-Regueiro, Juan C. & Santiago, Jose L., 2014. "Characterization of fisheries dependence in Galicia (Spain)," Marine Policy, Elsevier, vol. 47(C), pages 99-109.
    21. repec:eee:trapol:v:78:y:2019:i:c:p:1-7 is not listed on IDEAS
    22. Morrissey, Karyn & O'Donoghue, Cathal, 2012. "The Potential for an Irish Maritime Transportation Cluster: An Input-Output Analysis," Working Papers 148836, National University of Ireland, Galway, Socio-Economic Marine Research Unit.

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