[go: up one dir, main page]
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
    File URL: https://libkey.io/10.1016/j.tra.2016.08.016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. 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.
    3. 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.
    4. 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.
    5. Plaut, Pnina O., 1997. "Transportation-communications relationships in industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 31(6), pages 419-429, November.
    6. 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.
    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. Jun, Wang Ki & Lee, Min-Kyu & Choi, Jae Young, 2018. "Impact of the smart port industry on the Korean national economy using input-output analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 480-493.
    2. Saidi, Samir & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The long-run relationships between transport energy consumption, transport infrastructure, and economic growth in MENA countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 78-95.
    3. Saidi, Samir & Mani, Venkatesh & Mefteh, Haifa & Shahbaz, Muhammad & Akhtar, Pervaiz, 2020. "Dynamic linkages between transport, logistics, foreign direct Investment, and economic growth: Empirical evidence from developing countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 277-293.
    4. Shafique, Muhammad & Azam, Anam & Rafiq, Muhammad & Luo, Xiaowei, 2021. "Investigating the nexus among transport, economic growth and environmental degradation: Evidence from panel ARDL approach," Transport Policy, Elsevier, vol. 109(C), pages 61-71.
    5. Wang, Yanzai & Hao, Chengzhi & Liu, Dawei, 2019. "The spatial and temporal dimensions of the interdependence between the airline industry and the Chinese economy," Journal of Transport Geography, Elsevier, vol. 74(C), pages 201-210.
    6. Zhao, Bing & Wu, Hao & Wang, Nuo, 2022. "Changing characteristics of the industrial correlation and economic contribution of air transport in China: An input–output analysis," Journal of Air Transport Management, Elsevier, vol. 104(C).
    7. Jun, Wang Ki & An, Myung Ho & Choi, Jae Young, 2022. "Impact of the connected & autonomous vehicle industry on the Korean national economy using input-output analysis," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    8. Galina Ševčenko-Kozlovska & Kristina Čižiūnienė, 2022. "The Impact of Economic Sustainability in the Transport Sector on GDP of Neighbouring Countries: Following the Example of the Baltic States," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    9. Goyal, Srishti & Llop, Maria, 2024. "The shipping industry under the EU Green Deal: An Input-Output impact analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 182(C).
    10. Muhammad Shafique & Anam Azam & Muhammad Rafiq & Xiaowei Luo, 2020. "Evaluating the Relationship between Freight Transport, Economic Prosperity, Urbanization, and CO 2 Emissions: Evidence from Hong Kong, Singapore, and South Korea," Sustainability, MDPI, vol. 12(24), pages 1-14, December.
    11. 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.
    12. Kim Tae-Jin & Tromp Nikolas, 2022. "The Economic Impact of the Logistics Industry in South Korea: Based on an Input-Output Approach," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 13(1), pages 174-185, January.
    13. Zhao, Bing & Wang, Nuo & Wang, Yixuan, 2022. "The role of different transportation modes in China's national economy: An input–output analysis," Transport Policy, Elsevier, vol. 127(C), pages 92-102.
    14. Tzu-Yu Lin & Sheng-Hsiung Chiu, 2018. "Sustainable Performance of Low-Carbon Energy Infrastructure Investment on Regional Development: Evidence from China," Sustainability, MDPI, vol. 10(12), pages 1-21, December.
    15. Kim, Ju-Hee & Yoo, Seung-Hoon, 2021. "Comparison of the economic effects of nuclear power and renewable energy deployment in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    16. Zuo, Dajie & Liang, Qichen & Zhan, Shuguang & Huang, Wencheng & Yang, Shenglan & Wang, Mengyun, 2023. "Using energy consumption constraints to control the freight transportation structure in China (2021–2030)," Energy, Elsevier, vol. 262(PB).
    17. Sun, Ya-Fang & Zhang, Yue-Jun & Su, Bin, 2022. "How does global transport sector improve the emissions reduction performance? A demand-side analysis," Applied Energy, Elsevier, vol. 311(C).
    18. Wang, Yixuan & Wang, Nuo, 2019. "The role of the port industry in China's national economy: An input–output analysis," Transport Policy, Elsevier, vol. 78(C), pages 1-7.
    19. Yong-Jeong Kim & Sang-Gun Lee & Silvana Trimi, 2021. "Industrial linkage and spillover effects of the logistics service industry: an input–output analysis," Service Business, Springer;Pan-Pacific Business Association, vol. 15(2), pages 231-252, June.
    20. Klophaus, Richard & Grosche, Tobias, 2020. "Consumer surplus analysis of selected long-haul air transport routes connecting Germany with California and China," Research in Transportation Economics, Elsevier, vol. 80(C).
    21. Luka Vukić & Davor Mikulić & Damira Keček, 2021. "The Impact of Transportation on the Croatian Economy: The Input–Output Approach," Economies, MDPI, vol. 9(1), pages 1-16, January.
    22. Wang, Ling & Wang, Ke & Zhang, Jianjun & Zhang, Di & Wu, Xia & Zhang, Lijun, 2020. "Multiple objective-oriented land supply for sustainable transportation: A perspective from industrial dependence, dominance and restrictions of 127 cities in the Yangtze River Economic Belt of China," Land Use Policy, Elsevier, vol. 99(C).
    23. Wang, Dan & Zhao, Xu & Shen, Lixin & Yang, Zhongzhen, 2020. "Industry choice for an airport economic zone by multi-objective optimization," Journal of Air Transport Management, Elsevier, vol. 88(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jun, Wang Ki & Lee, Min-Kyu & Choi, Jae Young, 2018. "Impact of the smart port industry on the Korean national economy using input-output analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 480-493.
    2. de Bok, M. & de Jong, G. & Wesseling, B. & Meurs, H. & van Bekkum, P. & Mijjer, P. & Bakker, D. & Veger, T., 2022. "An ex-ante analysis of transport impacts of a distance-based heavy goods vehicle charge in the Netherlands," Research in Transportation Economics, Elsevier, vol. 95(C).
    3. Zian Chen & Sunhee Suk, 2023. "Analysis of Changes in Inter-Industrial Linkages and Economic Effects of Coal Industry in China Using Input–Output Model," Sustainability, MDPI, vol. 15(20), pages 1-19, October.
    4. Jenelius, Erik & Mattsson, Lars-Göran, 2012. "Road network vulnerability analysis of area-covering disruptions: A grid-based approach with case study," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(5), pages 746-760.
    5. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
    6. Malin Song & Nan Wu & Kaiya Wu, 2014. "Energy Consumption and Energy Efficiency of the Transportation Sector in Shanghai," Sustainability, MDPI, vol. 6(2), pages 1-16, February.
    7. 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.
    8. 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.
    9. 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.
    10. 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.
    11. Haitao Yu, 2018. "A review of input–output models on multisectoral modelling of transportation–economic linkages," Transport Reviews, Taylor & Francis Journals, vol. 38(5), pages 654-677, September.
    12. Morrissey, Karyn & O’Donoghue, Cathal, 2013. "The role of the marine sector in the Irish national economy: An input–output analysis," Marine Policy, Elsevier, vol. 37(C), pages 230-238.
    13. Choo, Sangho & Mokhtarian, Patricia L., 2007. "Telecommunications and travel demand and supply: Aggregate structural equation models for the US," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(1), pages 4-18, January.
    14. Choo, Sangho, 2003. "Aggregate Relationships between Telecommunications and Travel: Structural Equation Modeling of Time Series Data," University of California Transportation Center, Working Papers qt4p78h623, University of California Transportation Center.
    15. Johansson, Magnus & Vierth, Inge & Holmgren, Kristina & Cullinane, Kevin, 2023. "How will electrification and increased use of new fuels affect the effectiveness of freight modal shift policies?," Working Papers 2023:4, Swedish National Road & Transport Research Institute (VTI).
    16. Wang, Yixuan & Wang, Nuo, 2019. "The role of the port industry in China's national economy: An input–output analysis," Transport Policy, Elsevier, vol. 78(C), pages 1-7.
    17. Yong Jin Kim & Chan Young Kim & Yong Jae Shin, 2017. "The effects of ubiquitous healthcare service on the south Korean Economy: using input–output analysis," Information Systems Frontiers, Springer, vol. 19(5), pages 1149-1160, October.
    18. Aparco, Elvis & Chang, Víctor, 2018. "Medición del impacto económico de las terminales portuarias del Callao: Un análisis mediante la Matriz Insumo - Producto/Measuring the Economic Impact in Port Terminals of Callao: An Analysis using In," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 36, pages 743-764, Septiembr.
    19. Jihane El Ouadi & Hanae Errousso & Nicolas Malhene & Siham Benhadou, 2022. "On understanding the impacts of shared public transportation on urban traffic and road safety using an agent-based simulation with heterogeneous fleets: a case study of Casablanca city," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 3893-3932, December.
    20. 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.

    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.

    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 bibliographic 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.

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

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.