The role of the maritime industry in the Korean national economy: an input–output analysis |
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| Institution: | 1. Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul 136-701, Republic of Korea;2. School of Economics and Business, Hoseo University, 268 Anseo-Dong, Cheonan, Chungnam 330-713, Republic of Korea;1. School of Economics, Ocean University of China, China;2. Department of Finance, Ocean University of China, China;1. CSIRO Oceans and Atmosphere, Hobart, Tasmania, 7001, Australia;2. Centre for Marine Socioecology, University of Tasmania, Battery Point, Tasmania, 7004, Australia;3. Faculty of Law, University of Tasmania, Battery Point, Tasmania, 7004, Australia;1. Federal University of Rio Grande, Institute of Economics, Administrative and Accounting Sciences. Marechal Floriano Avenue, 2236, São Lourenço do Sul, Zip Code 96170-000, RS, Brazil;2. Pontifical Catholic University of Rio Grande do Sul, Bussines School, Ipiranga Avenue, 6681, Porto Alegre, Zip Code 90619-900, RS, Brazil;1. College of Marine Sciences, Shanghai Ocean University, Shanghai 201306, China;2. National Distant-water Fisheries Engineering Research Center, Shanghai Ocean University, Shanghai 201306, China;3. The Key Laboratory of Sustainable Exploitation of Oceanic Fisheries Resources, Ministry of Education, Shanghai Ocean University, Shanghai 201306, China;1. School of Economics, Finance and Accounting, Coventry University, Coventry, UK;2. Plymouth Graduate School of Management, Plymouth University, Plymouth, UK |
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| 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. |
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