@article{ART002506682},
author={Choi, Myoungsub and Seungil Jang and Park Hwan-Yong},
title={Regional Economic Impact Analysis on the Operation of an Old Industrial Complex},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2019},
volume={29},
number={3},
pages={7-26},
doi={10.35136/krer.29.3.1}
TY - JOUR
AU - Choi, Myoungsub
AU - Seungil Jang
AU - Park Hwan-Yong
TI - Regional Economic Impact Analysis on the Operation of an Old Industrial Complex
JO - Korea Real Estate Review
PY - 2019
VL - 29
IS - 3
PB - korea real estate research institute
SP - 7
EP - 26
SN - 2092-5395
AB - In this study, as a basic research to drive the economic prioritization of operating old industrial complexes, the induced coefficients are estimated and the effect of the regional economic growth are analyzed considering the local characteristics of the location areas and the industrial type composition. The economic impact is analyzed focusing on the operation of old industrial complexes rather than on their development. The Ritz-Spaulding multiplier is used rather than the final-demand multiplier, both commonly used methods for analyzing economic impact. The induced coefficients and economic impact of each of 94 old industrial complexes as of 2017 are analyzed. The estimated induced coefficients of the old industrial complexes varied by composition, location (capital/non-capital area), industrial complex type (national industrial complex/general industrial complex), and estimated-induced-coefficient type (national/regional or production/value-added/employment). These results imply that the analysis of the economic impact of an old industrial complex using only one indicator has limitations. Therefore, the economic impact of an old industrial complex should be analyzed considering not only the production scale but also the potential productivity (induced coefficient).
KW - old industrial complex;operation effect;input-output analysis;Ritz-Spaulding multiplier;regional economic development
DO - 10.35136/krer.29.3.1
ER -
Choi, Myoungsub, Seungil Jang and Park Hwan-Yong. (2019). Regional Economic Impact Analysis on the Operation of an Old Industrial Complex. Korea Real Estate Review, 29(3), 7-26.
Choi, Myoungsub, Seungil Jang and Park Hwan-Yong. 2019, "Regional Economic Impact Analysis on the Operation of an Old Industrial Complex", Korea Real Estate Review, vol.29, no.3 pp.7-26. Available from: doi:10.35136/krer.29.3.1
Choi, Myoungsub, Seungil Jang, Park Hwan-Yong "Regional Economic Impact Analysis on the Operation of an Old Industrial Complex" Korea Real Estate Review 29.3 pp.7-26 (2019) : 7.
Choi, Myoungsub, Seungil Jang, Park Hwan-Yong. Regional Economic Impact Analysis on the Operation of an Old Industrial Complex. 2019; 29(3), 7-26. Available from: doi:10.35136/krer.29.3.1
Choi, Myoungsub, Seungil Jang and Park Hwan-Yong. "Regional Economic Impact Analysis on the Operation of an Old Industrial Complex" Korea Real Estate Review 29, no.3 (2019) : 7-26.doi: 10.35136/krer.29.3.1
Choi, Myoungsub; Seungil Jang; Park Hwan-Yong. Regional Economic Impact Analysis on the Operation of an Old Industrial Complex. Korea Real Estate Review, 29(3), 7-26. doi: 10.35136/krer.29.3.1
Choi, Myoungsub; Seungil Jang; Park Hwan-Yong. Regional Economic Impact Analysis on the Operation of an Old Industrial Complex. Korea Real Estate Review. 2019; 29(3) 7-26. doi: 10.35136/krer.29.3.1
Choi, Myoungsub, Seungil Jang, Park Hwan-Yong. Regional Economic Impact Analysis on the Operation of an Old Industrial Complex. 2019; 29(3), 7-26. Available from: doi:10.35136/krer.29.3.1
Choi, Myoungsub, Seungil Jang and Park Hwan-Yong. "Regional Economic Impact Analysis on the Operation of an Old Industrial Complex" Korea Real Estate Review 29, no.3 (2019) : 7-26.doi: 10.35136/krer.29.3.1
