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The effects of ubiquitous healthcare service on the south Korean Economy: using input–output analysis

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  • Yong Jin Kim

    (Sogang University)

  • Chan Young Kim

    (Sogang University)

  • Yong Jae Shin

    (Sogang University)

Abstract

Due to the rapid market penetration of smartphones and the development of context-aware ubiquitous healthcare services, the demand for ubiquitous healthcare service—to monitor patients’ longitudinal health data continuously and cope with emergency situations—has rapidly increased. Recent developments have suggested that researchers need to provide policy-makers with accessible and reliable information regarding the role of ubiquitous healthcare services. The objective of this study is to investigate the impact of ubiquitous healthcare services on the South Korean economy, using a static input–output approach. We address topics relating to the input–output model, such as the demand-driven model and inter-linkage effects, and the components inherent in an unconventional input–output model, such as the supply-driven model and the Leontief price model. The results indicate that the ubiquitous healthcare industry as a final primary production sector has strong production-inducing effects, weak price ripple effects, and marginal backward and forward linkage effects. It is also found that the industry is closely related to the electric and electronic device sector and the precision machinery sector. This is largely attributable to the convergence characteristics of industries that use wireless telecommunications, as well as those of the medical and measurement device and medical service sectors.

Suggested Citation

  • Yong Jin Kim & Chan Young Kim & Yong Jae Shin, 2017. "The effects of ubiquitous healthcare service on the south Korean Economy: using input–output analysis," Information Systems Frontiers, Springer, vol. 19(5), pages 1149-1160, October.
    • Handle: RePEc:spr:infosf:v:19:y:2017:i:5:d:10.1007_s10796-016-9640-3
    DOI: 10.1007/s10796-016-9640-3
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    References listed on IDEAS

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    1. Kwak, Seung-Jun & Yoo, Seung-Hoon & Chang, Jeong-In, 2005. "The role of the maritime industry in the Korean national economy: an input-output analysis," Marine Policy, Elsevier, vol. 29(4), pages 371-383, July.
    2. repec:rre:publsh:v:34:y:2004:i:1:p:57-71 is not listed on IDEAS
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    Cited by:

    1. Fernando Bermejo & Raúl del Pozo & Pablo Moya, 2021. "Main Factors Determining the Economic Production Sustained by Public Long-Term Care Spending in Spain," IJERPH, MDPI, vol. 18(17), pages 1-18, August.
    2. Ravi Thambusamy & Prashant Palvia, 2020. "U.S. Healthcare Provider Capabilities and Performance: the Mediating Roles of Service Innovation and Quality," Information Systems Frontiers, Springer, vol. 22(1), pages 91-111, February.
    3. Yong Jae Shin & Yongrok Choi, 2019. "Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea," Sustainability, MDPI, vol. 11(19), pages 1-21, September.
    4. Sung-Wook Choi & Yong Jae Shin, 2023. "Role of Smart Farm as a Tool for Sustainable Economic Growth of Korean Agriculture: Using Input–Output Analysis," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    5. Semjonova Nadezhda, 2020. "Economic Tendencies of the European and Latvian Medical Device Market," Economics and Business, Sciendo, vol. 34(1), pages 297-310, February.

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