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KMID : 0380020030180050356
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Korean Journal of Biotechnology and Bioengineering
2003 Volume.18 No. 5 p.356 ~ p.362
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An Input-output Structural Decomposition Analysis of Korean Biotechnology Industry
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Jeong Mi-Ae
Heo Eun-Nyeong
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Abstract
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This study defines the biotechnology industry, examines its position in the domestic economy, and analyses its structure with I-O tables of year 1985, 1990 and 1995. Structural decomposition analysis is used in order to estimate the impact of different sources of growth. We classifies Korean biotechnology industry into 6 sectors, based on the survey of domestic biotechnology industry by Bioindustry Association of Korea. Empirical results indicate that each sector of bioindustry has various sources of growth and industrial demand has led the growth in all sectors except for food-bio and agriculture-bio. For the growth of the industry, each sector needs to cope with the change of the private demand and to improve the import and export structure.
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KEYWORD
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Biotechnology industry, I-O tables, structural decomposition analysis
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