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KMID : 1002520170110020055
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Korean Journal of Health Service Management
2017 Volume.11 No. 2 p.55 ~ p.64
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Economic Effects of South Korea's Smart Healthcare Industry
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Ajn Jeong-Min
Suh Jeong-Kyo
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Abstract
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Objectives : Recently, concerns about the smart healthcare industry has increased worldwide. This study estimates the economic effects of the smart healthcare industry by employing input-output analysis.
Methods : In this study, 384*384 sector statistics of the Bank of Korea were also used as the initial analysis tool after adjustments, and, 29*29 sector statistics were also used as the major research method for the industry. The main analysis tools of this study, thus, included a comparison of backward and forward-linkage effects and the inducement effects of the own-industry and other industries, as well as inducement coefficients, including production, value-added, employee's pay, operating surplus, production tax, and employment.
Results : The results of the analysis show that the smart healthcare industry has an immense economic impact, affecting major macroeconomic factors including value-added and forward ?linkage effects. Additionally, the inducement effects of the smart healthcare industry are significant compared to other industries in terms of production, employee's pay, operating surplus, production tax, and employment.
Conclusions : The smart healthcare industry is a growth engines for national development, because it is the industry of high value-added services. This paper offers alternatives for efficient industrial policies.
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KEYWORD
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Smart Healthcare, Inducement Effect, Linkage Effect, Own- and Other Inducement Effect
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