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ISSN : 1738-3110

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Vol.15 No.7

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Input-Output Analysis on the Economic Effect of the Korean Traditional Retail Market Supporting Project

The Journal of Distribution Science / The Journal of Distribution Science, (P)1738-3110; (E)2093-7717
2017, v.15 no.7, pp.5-17
https://doi.org/https://doi.org/10.15722/jds.15.7.201707.5
Kim, Woo-Hyoung
Ryu, Tae-Chang
Kim,, W. , & Ryu,, T. (2017). Input-Output Analysis on the Economic Effect of the Korean Traditional Retail Market Supporting Project. The Journal of Distribution Science, 15(7), 5-17, https://doi.org/https://doi.org/10.15722/jds.15.7.201707.5

Abstract

Purpose - This study analyzes an economic effect on the project that Korean government supported for the vitalization of traditional markets using an input-output model. From 2002 to 2013, the government provided 180.8 billion won for a Management Modernization Project and 2.851 trillion won for a Facility Modernization Project for vitalization of traditional markets. Research design, data, and methodology - The present study conducted inter-industry analysis by matching industries related to the Traditional Market Project for the measurement, and calculated the ripple effect of each project. Result - The results from the study showed that from 2002 to 2012, the Management Modernization Project and Facility Modernization Project showed a 296.1 billion won effect on production inducement, a 158.7 billion won value-added inducement effect, and a 3,135-person effect on employment inducement in total. From 2002 to 2013, the Facility Modernization Project showed a 6.948 trillion won effect on production inducement, a 2.1109 trillion won effect on value-added inducement, and 40,209-person of effect on employment inducement in total. Conclusions - This study provided an empirical demonstration of a clear effect of the governmental support to traditional markets on developing regional economies. In particular, this study empirically analyzed and presented that there were a considerable amount of an economic effect by region due to governmental policy support to traditional markets.

keywords
Input-Output Analysis, Economic Effect, Traditional Retail Market, Distribution Market

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