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An Analysis of Production-Driven Effects fromThree Free Economic Zones in Korea

Chuhwan Park 1 Kim, Euijune 2 Dong Jin Shin 3

1영남대학교
2서울대학교
3국회예산정책처

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ABSTRACT

This paper analysis for the regional-industrial production-driven effects from the three free economic zones that government have established in the year 2003 for the East-Asia oriented business in the future. By inputting the year 2006’s budget in the analytical I/O system as a base input factor, the regional-industrial production-driven effect for the free economic zones is about to increasing by 1.8~2.5 twice as many, and the effect happens to the original region of each economic free zones and is lowly related with other industries due to the initial state of the business. However, the most strong effects in the three free economic zones go to the construction, real estate, and steel industry sector because of the beginning state of the infrastructure. We infer from the analytical results that the economic effects of the three free economic zones with other industries will be enlarge in the few years when the government including local representative increases the government budget as well as draws the foreign direct investments from other countries and global firms.

Citation status

* References for papers published after 2023 are currently being built.