콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Science/Technology

Print

Impact of decreasing international demand for transport equipment in Ulsan on the local economy

Related Document
Frame of Image ns among all economic actors, including industries, households, and the public sector. The SAM for Ulsan used in this study provides a useful tool for assessing
Impact of Decreasing International Demand for 1 ) Transport Equipment in Ulsan on the Local Economy
population of 1.19 million, Ulsan accounts for 5.7% of all employment in the nation’s manufacturing sector, 14.0% of gross domestic product, and 13.8% of South Korea’s exports. Ulsan boasts thriving refined petroleum, chemical product, automobile, and shipbuilding industries, accounting for 52.8%, 26.3%, 20.5%, and 29.3% of all refined petroleum, chemical products, automobiles, and ships produced in Korea, respectively. The purpose of this study is to analyze how the decreasing international demand for transport equipment manufacturing is affecting the local economy of Ulsan using a social account matrix (SAM). Conventionally, local economic structures and ripple effects are analyzed using input-output models. Such models, however, focus solely on the local economic structure, which is now under duress due to the drop in the oil price and the global economic recession, as well as for analyzing how the decreasing demand for Ulsan’s exports is affecting the economy at the local and national levels. 2. Manufacturing Basis and the Current Status of the Transport Equipment Industry in Ulsan Ulsan’s manufacturing sector consists mainly of the refined petroleum, chemical product, automobile, and shipbuilding industries. This s


Full Text
Title Impact of decreasing international demand for transport equipment in Ulsan on the local economy
Similar Titles
Material Type Articles
Author(English)

Choi, Jun-Seok

Publisher

[Sejong, south Korea]:Korea Institute for Industrial Economic&Trade

Date 2016
Journal Title; Vol./Issue KIET Industrial economic review:vol. 21(no. 4)
Pages 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Holding KIET