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

Listed author(s):
  • Lee, Min-Kyu
  • Yoo, Seung-Hoon
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    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.

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    Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

    Volume (Year): 93 (2016)
    Issue (Month): C ()
    Pages: 13-22

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    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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    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.
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