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The economic and non-economic impacts of bio-industry in Korea

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Frame of Image cing industrial applications and their efficiency, food safety and production, and protecting the environment. In Korea, biotechnology and bio-industry are expected to become an important driving force in the future economy. Accordingly, there have been enormous expectations concerning the economic potential of biotechnology. There have been some fundamental and applied researches done on estimating the size of the bio-industry and economic impact of biotechnology. Most researches are based on industry surveys with R&D surveys for the public and private sectors. Some work has utilized data on companies listed on the stock exchange. Others have implemented sampling surveys to construct systematic and structural analysis of the bio-industry. T h e results of the OECD Workshop on the Economic Impacts of Biotechnology, held in May 2004 in France, provided insightful methodological approaches to estimate the impacts and introduced some pioneering researches to expand the application of analytical tools and outcomes. One of the implications from the workshop is that there are diverse approaches using different definitions of biotechnology and the bio-industry, especially in the r a n g e of bio-industries, which possibly underestimate the range of bio-industries in advanced countries and overestimate the range in developing
Jan. / Feb.┃2007┃Vol 12┃No 1
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countries. The other implication includes that the economic impact would vary depending on the choice of modeling scheme. This a


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Title The economic and non-economic impacts of bio-industry in Korea
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Material Type Reports
Author(English)

Choi, Youn-Hee; Lim, Dongsoon

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 1)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KIET; KDI School

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