<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Using input-output analysis, this study investigates the economic impact of the logistics industry and its four sub-sectors: land freight, water freight, air freight and logistics facilities. The inter-industry linkage model shows that land freight and logistics facilities have large pull effects on the economy. Estimates from the production-inducing model indicate that investments in the logistics industry have considerable effects on both upstream and downstream industries. The employment-inducing model suggests that although employment-inducing effects have fallen over time, total induced employment has risen, particularly for permanent jobs. Lastly, estimates from the supply-shortage model indicate large effects for land freight which highlights the need for greater diversity in transportation modes. The findings and their implications may be useful to formulate effective policies in Korea.</p>
</abstract>

Using input-output analysis, this study investigates the economic impact of the logistics industry and its four sub-sectors: land freight, water freight, air freight and logistics facilities. The inter-industry linkage model shows that land freight and logistics facilities have large pull effects on the economy. Estimates from the production-inducing model indicate that investments in the logistics industry have considerable effects on both upstream and downstream industries. The employment-inducing model suggests that although employment-inducing effects have fallen over time, total induced employment has risen, particularly for permanent jobs. Lastly, estimates from the supply-shortage model indicate large effects for land freight which highlights the need for greater diversity in transportation modes. The findings and their implications may be useful to formulate effective policies in Korea.

The Economic Impact of the Logistics Industry in South Korea: Based on an Input-Output Approach

Department of Ocean Economy Research and Statistics

LOGI – Scientific Journal on Transport and Logistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Using input-output analysis, this study investigates the economic impact of the logistics industry and its four sub-sectors: land freight, water freight, air...

The Economic Impact of the Logistics Industry in South Korea: Based on an Input-Output Approach

Published Online: Nov 05, 2022

Page range: 174 - 185

Received: Jul 14, 2022

Accepted: Oct 03, 2022

DOI: https://doi.org/10.2478/logi-2022-0016

Keywords
Logistics industry, freight transportation, input-output analysis, South Korea

© 2022 Tae-Jin Kim et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Economic Impact of the Logistics Industry in South Korea: Based on an Input-Output Approach

Published Online: Nov 05, 2022

Page range: 174 - 185

Received: Jul 14, 2022

Accepted: Oct 03, 2022

DOI: https://doi.org/10.2478/logi-2022-0016

KeywordsLogistics industry, freight transportation, input-output analysis, South Korea

© 2022 Tae-Jin Kim et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Logistics industry, freight transportation, input-output analysis, South Korea