Next Article in Journal
How Much CO2 Emissions Can Be Reduced in China’s Heating Industry
Next Article in Special Issue
City-as-a-Platform: The Rise of Participatory Innovation Platforms in Finnish Cities
Previous Article in Journal
Tourists’ Environmentally Responsible Behavior in Response to Climate Change and Tourist Experiences in Nature-Based Tourism
Previous Article in Special Issue
Temporal Variations of Citizens’ Demands on Flood Damage Mitigation, Streamflow Quantity and Quality in the Korean Urban Watershed
Article Menu

Export Article

Open AccessArticle
Sustainability 2016, 8(7), 649; doi:10.3390/su8070649

Impact of the Smart City Industry on the Korean National Economy: Input-Output Analysis

1
Department of Intellectual Property, College of Economics & Business Administration, Kyonggi University, 154-42 Gwanggyosan-Ro, Yeongtong-Gu, Suwon-Si 16227, South Korea
2
Korea Institute of Science & Technology Evaluation and Planning (KISTEP), 60 Mabang-Ro, Seocho-Gu, Seoul 06775, South Korea
3
Graduate School of Technology & Innovation Management, Hanyang University, 222 Wangsimni-ro, Seongdong-go, Seoul 04763, South Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Nicos Komninos
Received: 10 May 2016 / Revised: 27 June 2016 / Accepted: 4 July 2016 / Published: 8 July 2016
(This article belongs to the Special Issue Intelligent Environments and Planning for Urban Renewal)
View Full-Text   |   Download PDF [1023 KB, uploaded 8 July 2016]   |  

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 economic effects on the national economy induced by the governmental program for smart city demonstration are estimated using input-output analysis results. Overall, the results of this study indicate that facilitation of the smart city industry plays a key role not only in the sustainable city, but also in the growth of the national economy. View Full-Text
Keywords: input-output analysis; smart city; economic impact; technology convergence; Internet of Things input-output analysis; smart city; economic impact; technology convergence; Internet of Things
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Kim, K.; Jung, J.-K.; Choi, J.Y. Impact of the Smart City Industry on the Korean National Economy: Input-Output Analysis. Sustainability 2016, 8, 649.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top