scholarly journals The Intra- and Inter-Regional Economic Effects of Smart Tourism City Seoul: Analysis Using an Input-Output Model

2021 ◽  
Vol 13 (7) ◽  
pp. 4031
Author(s):  
Hyunae Lee ◽  
Sunyoung Hlee
Keyword(s):  
Value Added ◽  
Economic Effects ◽  
Tax Revenue ◽  
Ripple Effect ◽  
Input Output ◽  
Regional Economic ◽  
High Production ◽  
Production Effects ◽  
The City ◽  
Smart Tourism

A competitive smart tourism city can be a solution for building resilience to address current and future crises and even be a booster of the economic effects of tourism, since it has an economic ripple effect both inside and outside of the city. This study tried to estimate the intra- and inter-regional economic effects of the smart tourism city Seoul, which has high competitiveness as a smart tourism city. First, this study tried to objectively clarify the scope of smart tourism based on a Delphi survey and then adopted the inter-regional input–output model. The results showed that smart tourism city Seoul is expected to create high income, high value-added, and job creation effects inside the city, and will greatly contribute to securing tax revenue. Outside of the city, smart tourism city Seoul is expected to induce high production effects. Based on these results, this study highlights the economic effects of a smart tourism city, which describes the convergence of technology and tourism.

Economic effects of the liquid biofuel industry in South Korea using input–output analysis

2019 ◽  
Vol 31 (3) ◽  
pp. 424-439
Author(s):  
Hyoung-Ju Seo ◽  
Ha-na Kim ◽  
Eui-Chan Jeon
Keyword(s):  
South Korea ◽  
Heavy Oil ◽  
Value Added ◽  
Oil Industry ◽  
Economic Effects ◽  
Fuel Oil ◽  
Input Output ◽  
Heavy Fuel Oil ◽  
Output Analysis ◽  
Input Output Analysis

Bio-energy is a research field that is of worldwide interest. South Korea, which imports all of its heavy fuel oil for consumption, passed a new law allowing bio-heavy oil made from animal fat, by-product of biodiesel processes, palm oil, and other leftover oil to be used to generate electricity in place of heavy fuel oil. As there is lack of policy research with respect to liquid biofuels, the purpose of this study is to define the bio-heavy oil industry in South Korea and to investigate the economic effects of bio-heavy oil. An input–output analysis model was used and demonstrated that the production-, value-added-, import-, and employment-induced effects of the bio-heavy oil industry were larger than those induced by the heavy fuel oil industry. As the import of fuel by the heavy fuel oil industry was greater than the bio-heavy oil industry, the import substitution effect of the bio-heavy oil industry was found to be greater. This resulted in a positive value for the net-induced effect of the bio-heavy oil industry. When considering the global concern with respect to the development and expansion of biofuel feedstock, this study shows the possibility of transforming heavy fuel oil plants distributed around the world into renewable energy sources.

scholarly journals Economic Effects of Individual Heating System and District Heating System in South Korea: An Input-Output Analysis

2020 ◽  
Vol 10 (15) ◽  
pp. 5037
Author(s):  
Ju-Hee Kim ◽  
Sin-Young Kim ◽  
Seung-Hoon Yoo
Keyword(s):  
South Korea ◽  
Economic Effect ◽  
District Heating ◽  
Value Added ◽  
Heating System ◽  
Quantitative Information ◽  
Economic Effects ◽  
Input Output ◽  
District Heating System ◽  
The Government

When South Korea develops a new city, the government has made a preliminary decision on one of two heating systems, an individual heating system (IHS) or a district heating system (DHS). However, it is still unclear which system is desirable in terms of maximizing the national economic effect. Thus, this article aims to derive quantitative information about the economic effects of the same amount of production or investment in the two systems through an input-output (IO) analysis using the recently published 2017 IO table. More specifically, the production-inducing effects, value-added creation effects, and wage-inducing effects are systematically analyzed focusing on the IHS and DHS sectors. The results show that one dollar of production or investment in IHS or DHS causes about 1.073 and 1.388 dollars of production, about 0.228 and 0.658 dollars of value-added, and about 0.051 and 0.108 dollars in wages, respectively, throughout the national economy. Overall, the economic effects of the DHS sector are greater than those of the IHS sector. That is, when the same amount of investment or production is made in the two sectors, DHS produces more economic effects than IHS.

scholarly journals The Economic Effects of Research-led Agricultural Development Assistance: The Case of Korean Programs on International Agriculture

2019 ◽  
Vol 11 (19) ◽  
pp. 5224
Author(s):  
Sauk-Hee Park ◽  
Kwang-Min Moon
Keyword(s):  
Agricultural Development ◽  
Industrial Relations ◽  
Development Assistance ◽  
Value Added ◽  
Economic Effects ◽  
Input Output ◽  
Cooperative Research ◽  
Agricultural Technologies ◽  
International Agriculture ◽  
Cooperative Research And Development

South Korea’s Rural Development Administration embarked on the Korean Programs on International Agriculture (KOPIA) in six developing countries for agricultural development assistance in 2009, and the programs were undertaken in 21 countries in 2018. The purposes of the KOPIA are to introduce new agricultural technologies by cooperative research and development, and to extend developed technologies to farmers and agricultural businesses. In this paper, the economic effects of the KOPIA are estimated in 23 recipient countries in terms of their production and value-added inducement effect. In doing so, the inter-industry relation analysis method is used with an input-output table for each country from the Eora multi-region input-output (Eora MRIO) database. From the analysis between 2009 and 2017, the production inducement effect (PIE) by the KOPIA in the 23 countries is estimated to total US$99 million, accounting for 1.7 times its total budget of US$58.9 million, and the value-added inducement effect (VIE) in the 13 countries is estimated to total US$23.9 million. More importantly, the PIE and VIE continue to be higher in some countries, and the annual VIE tends to increase in most of the countries. These findings imply that the research-led KOPIA has contributed to agricultural development and further economic growth through inter-industrial relations in the recipients.

scholarly journals Biosphere reserves and their contribution to sustainable development

2014 ◽  
Vol 58 (1) ◽  
Author(s):  
Felix Kraus ◽  
Cornelius Merlin ◽  
Hubert Job
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Random Sample ◽  
Value Added ◽  
Biosphere Reserve ◽  
Economic Effects ◽  
Value Chains ◽  
Economic Sectors ◽  
Regional Economic ◽  
Sustainable Economic Development

AbstractThe regional labeling scheme Dachmarke Rhön is an approach of the Rhön Biosphere Reserve to foster sustainable economic development through the intensification of regional value chains. The study compares the members of the Dachmarke Rhön with a random sample, both consisting of small rural enterprises in the economic sectors of tourism and food processing. Based on face-to-face interviews with 99 managers, a comparison of the two groups regarding their integration into regional value chains is elaborated: the two groups mainly coincide with regard to the reasons for choosing local suppliers. However, members of the Dachmarke Rhön are putting more emphasis on regional buying and the relationship to their suppliers. The share of total value added within the enterprises is higher in the random sample. This on the other hand explains higher expenses for supplies and a lower direct regional economic impact within the group of enterprises of the Dachmarke Rhön. Nevertheless the analysis shows, that the expenses for buying goods stay to a greater proportion within the region and facilitate a more diverse economic structure. Thus indirect regional economic effects are maximized fostering multifunctionality at the same time. The Dachmarke Rhön therefore can be seen as a market-based tool for fostering sustainable economic development, although the need for improvement regarding logistics and education for sustainable development exists.

scholarly journals Multiplier effects by sector: an input-output analysis of the Greek economy

2020 ◽  
pp. 7-28
Author(s):  
Constantina Bakinezos ◽  
Stelios Panagiotou ◽  
Evangelia Vourvachaki ◽  
Keyword(s):  
Value Added ◽  
Input Output ◽  
Output Analysis ◽  
Sectoral Output ◽  
Greek Economy ◽  
Potential Impact ◽  
Multiplier Effects ◽  
Production Effects ◽  
Sectoral Linkages ◽  
Wide Potential

This study presents sectoral output, gross value added and employment multipliers for the Greek economy based on the most recent Input-Output tables of 2015, which were compiled according to the European System of Accounts (ESA) 2010. Our analysis utilises the Leontief model, in both the “open” and “closed” variations with respect to households’ consumption, which allows to assess, at a disaggregated sectoral level, the direct and indirect production effects, as well as the induced consumption effects caused by exogenous changes in the final demand of each sector. The multipliers offer an up-to-date and systematic ranking of sectors according to their economy-wide potential impact owing to their technological features and inter-sectoral linkages.

scholarly journals El impacto del Campeonato del Mundo de Patinaje de Velocidad en Gijón

2020 ◽  
Vol 30 (2) ◽  
pp. 703
Author(s):  
José Baños ◽  
Francesc Pujol ◽  
Plácido Rodríguez
Keyword(s):  
Economic Impact ◽  
Value Added ◽  
The Other ◽  
Input Output ◽  
Media Impact ◽  
Sports Events ◽  
Speed Skating ◽  
The World ◽  
The Media ◽  
The City

This article looks at economic and media impact for the city of Gijon by the celebration of the World Speed Skating Championships in September 2008. To calculate the economic impact we use Input-Output tables of Asturias transforming regional coefficients into city coefficients to measure the economic impact in terms of gross value added and employment  We consider that the sports events and the cities are brands to study the media impact. With a media clipping service are handled the news appeared on the event and the city of Gijon, before, during and after the celebration of the Championships. The economic results are positive principally for the expense of not residents controlled by surveys; on the other hand the media impact was not very relevant except in the sector linked to skating.

Sign in / Sign up

Export Citation Format

Share Document