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The effects of the shift to the service economy on Korea's inter-industry linkages

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Frame of Image ufacturing industries’ share, which
The Effects of the Shift to the Service Economy on Korea’Inter-industry Linkages s
decreased from 27.2 percent to 16.6 percent in the same period. However, the comparison with advanced countries shows that the service orientation of the Korean economy as a whole has been considerably lagging behind. The shift to the service economy brings out various qualitative and structural changes within industries via changes in the interrelationship between manufacturing and services, as well as increases in the service industries’ share in nominal value-added or total employment. It is known that, in general, the production inducement effect of service industries is weaker than that of manufacturing industries. Therefore, there is a possibility that if the role of services as intermediate inputs increases with shifting to the service economy, the production propagation effect of industries as a whole will also weaken gradually. In this study, we calculate the aggregate linkage measure, which shows the effects of shifting to the service economy on the strength of the propagation effect of the industries as a whole, and examine the role of imported intermediate inputs in enhancing the level of the aggregate linkages. We also analyze the relationship between the degree of the shift to the service
40
KIET Industrial Economic Review
economy and the level of the aggregate linkages by carrying out a cross-country comparison. The data for the analysis of Kor


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Title The effects of the shift to the service economy on Korea's inter-industry linkages
Similar Titles
Material Type Articles
Author(English)

Lee, Geunwoo

Publisher

[Seoul]:Korea Institute for Industrial Economics and Trade

Date 2014
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 19(no. 2)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding Korea Institute for Industrial Economics and Trade