Chapter
Apr 26, 2012
A Study of Direct and Indirect Economic Effects by Regional Road Investments in Korea
Authors: Yongho Chung, Wookag Kook, Gunyoung Kim [email protected], and Kyungwoo Kang [email protected]Author Affiliations
Publication: Traffic And Transportation Studies (2002)
Abstract
The purpose of this study is researching the direct and indirect effects by road investments using panel data. In this study, the direct effect means the economic impact within the same jurisdiction that contains highways or streets, and the indirect effect means the economic impact outside of the jurisdiction that contains highways or streets. For the analysis, vector autoregressive model of the time series analysis is used. From the results, the manufacturing industry has the biggest direct effect by road investments. And the construction industry has the biggest indirect effect by road investments. Finance, insurance and service industry has the least both direct and indirect effects. In addition, the direct effect has ranges between 0.107∼0.548, the indirect effect has ranges between – 0.447∼ – 0.134.
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Information
Published In
Traffic And Transportation Studies (2002)
Pages: 1480 - 1487
Copyright
© 2002 American Society of Civil Engineers.
History
Published online: Apr 26, 2012
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ASCE Technical Topics:
- Autoregressive models
- Business management
- Economic factors
- Engineering fundamentals
- Financial management
- Highway and road management
- Highway transportation
- Highways and roads
- Industries
- Infrastructure
- Investments
- Jurisdiction
- Laws and regulations
- Legal affairs
- Mathematics
- Models (by type)
- Organizations
- Practice and Profession
- Streets
- Transportation engineering
- Urban and regional development
- Urban areas
- Vector analysis
Authors
Affiliations
Yongho Chung
Ph.D. Student, Dept. of Transportation Engineering. Hanyang University, 1271 Sa 1-dong, Ansan, Kyonggi, 425-791, Korea
Wookag Kook
Ph.D. Student, Dept. of Transportation Engineering. Hanyang University, 1271 Sa 1-dong, Ansan, Kyonggi, 425-791, Korea
Ph.D. Student, Dept. of Transportation Engineering. Hanyang University, 1271 Sa 1-dong, Ansan, Kyonggi, 425-791, Korea. E-mail: [email protected]
Professor, Dept. of Transportation Engineering, Hanyang University, 1271 Sa 1-dong, Ansan, Kyonggi, 425-791, Korea. E-mail: [email protected]
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