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

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  • 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
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    References listed on IDEAS

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    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.
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    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.
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    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.

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