The primary objective of this study is to evaluate the impacts of the Free Economic Zone on the regional economy. There was a meaningful difference in the value-added inducement coefficients between the National Input-Output Table and the Inter-Region...
The primary objective of this study is to evaluate the impacts of the Free Economic Zone on the regional economy. There was a meaningful difference in the value-added inducement coefficients between the National Input-Output Table and the Inter-Regional Input-Output Table. Furthermore, economic effects have been significantly affected when time-wise inducement coefficients are applied to reflect the time-varying economic environments before and after the designation of FEZ in 2003.
Especially, analyzing the updated data applicable to IFEZ development age and the adequacy of local strategic industries, this study will be differentiated from other theses. Using IRIO (Inter-Regional Input-Output Table) in making an analysis of economical effect, the study could consider specificity of the local region, which was difficult to be found in Input-Output Analysis and could verify the influence which is given to Incheon regional economy by development project of the Free Economic Zone.