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Impact of the smart city industry on the Korean national economy: Input-output analysis

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  • Impact of the smart city industry on the Korean national economy: Input-output analysis
  • Kim, Kyunam; Jung, Jung-Kyu; Choi, Jae Young
  • Multidisciplinary Digital Publishing Institute


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Title Impact of the smart city industry on the Korean national economy: Input-output analysis
Similar Titles
Material Type Articles
Author(English)

Kim, Kyunam; Jung, Jung-Kyu; Choi, Jae Young

Publisher

[Basel, Switzerland]:Multidisciplinary Digital Publishing Institute

Date 2016-07
Journal Title; Vol./Issue Sustainability:vol. 8(no. 7)
Pages 19
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Industry and Technology < IT
Industry and Technology < Others
Holding MDPI

Abstract

The characteristics of the smart city industry and its effects on the national economy of Korea are investigated using input-output analysis. The definition and industrial classification of a smart city are established using the Delphi technique for experts in various fields, from information and communication technologies (ICT) to governmental policies for urban matters. The results of the analysis, including the production, value added and employment induction effects, show that the smart city industry has intermediate characteristics between ICT and urban construction industries, indicating that acquisition of the competitive edge of both the ICT and construction industries is the key to the success of the smart city industry. The crucial industries related to the smart city industry are identified based on an analysis of the forward and backward linkage effects, the results of which suggest the importance of the relevant service industries. (The rest omitted)