IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v93y2016icp13-22.html
   My bibliography  Save this article

The role of transportation sectors in the Korean national economy: An input-output analysis

Author

Listed:
  • Lee, Min-Kyu
  • Yoo, Seung-Hoon

Abstract

The transportation industry has been playing an important role in the economic development of Korea and, thus, has become a critical factor in sustaining the well-being of the Korean people. This paper attempts to analyze the economic impacts of four transportation modes using input-output (I-O) analysis, with specific application to Korea. To this end, we apply the I-O models to the Korean I-O tables generated by the Bank of Korea, paying particular attention to the four transportation sectors in Korea (rail, road, water, and air transportations), considering them as exogenous, and then determining their impacts. Specifically, the production-inducing effects, supply shortage effects, sectoral price effects, forward linkage effects, and backward linkage effects of the four transportation modes are quantitatively derived over the period 2000–2010. For example, the production-inducing effect of a KRW 1.0 production or investment in transportation is larger in the petroleum and transportation equipment sectors than in other sectors. Furthermore, the rail and road transportation sectors have greater supply shortage effects than the other transportation sectors. Finally, the potential uses of the results of this analysis are presented from the perspective of policy instruments, and policy implications are discussed.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:transa:v:93:y:2016:i:c:p:13-22
    DOI: 10.1016/j.tra.2016.08.016
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965856416307200
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nealer, Rachael & Weber, Christopher L. & Hendrickson, Chris & Scott Matthews, H., 2011. "Modal freight transport required for production of US goods and services," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(4), pages 474-489, July.
    2. Plaut, Pnina O., 1997. "Transportation-communications relationships in industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 31(6), pages 419-429, November.
    3. Nealer, Rachael & Matthews, H. Scott & Hendrickson, Chris, 2012. "Assessing the energy and greenhouse gas emissions mitigation effectiveness of potential US modal freight policies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(3), pages 588-601.
    4. 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.
    5. Doll, Claus & Schaffer, Axel, 2007. "Economic impact of the introduction of the German HGV toll system," Transport Policy, Elsevier, vol. 14(1), pages 49-58, January.
    6. Ham, Heejoo & Kim, Tschangho John & Boyce, David, 2005. "Assessment of economic impacts from unexpected events with an interregional commodity flow and multimodal transportation network model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(10), pages 849-860, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Samir, Saidi & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The Long-Run Relationship between Transport Energy Consumption and Transport Infrastructure on Economic Growth in MENA Countries," MPRA Paper 85037, University Library of Munich, Germany, revised 06 Mar 2018.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:93:y:2016:i:c:p:13-22. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.