Development and Policy of Proper Management Estimation of Domestic Service Industry in Comparison with OECD Countries for Advancement of Korean Service Industry
Purpose – Considering that the governments’ official statistics on the optimum scale of the domestic service industry will be crucial in future, this study’s results will be used as an important benchmark to develop and verify the parameters in the government’s official statistics. Research design,...
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Published in | Journal of distribution science Vol. 12; no. 11; pp. 25 - 34 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
한국유통과학회
01.11.2014
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Subjects | |
Online Access | Get full text |
ISSN | 1738-3110 2093-7717 |
DOI | 10.15722/jds.12.11.201411.25 |
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Abstract | Purpose – Considering that the governments’ official statistics on the optimum scale of the domestic service industry will be crucial in future, this study’s results will be used as an important benchmark to develop and verify the parameters in the government’s official statistics.
Research design, data, and methodology – To identify the appropriate scale of Korea's service industry and its adequacy, I have determined them through estimation using a regression method involving panel data analysis on the panel data of 30 OECD countries.
Results – The regression coefficient provided indications of being non-linear. This means that a U-shaped curve relationship exists—that is, the level of the economic growth leverage decreases along with the service industry's growth up to the level of 70.9% in terms of the Korean service industry's adequacy; it increases along with the service industry's growth at a level higher than 70.9%.
Conclusions – While the current proportion of the size of the service industry among all industries in Korea stands at 50.7%, its proper proportion estimated by a regression analysis was 70.9%. KCI Citation Count: 1 |
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AbstractList | Purpose – Considering that the governments’ official statistics on the optimum scale of the domestic service industry will be crucial in future, this study’s results will be used as an important benchmark to develop and verify the parameters in the government’s official statistics.
Research design, data, and methodology – To identify the appropriate scale of Korea's service industry and its adequacy, I have determined them through estimation using a regression method involving panel data analysis on the panel data of 30 OECD countries.
Results – The regression coefficient provided indications of being non-linear. This means that a U-shaped curve relationship exists—that is, the level of the economic growth leverage decreases along with the service industry's growth up to the level of 70.9% in terms of the Korean service industry's adequacy; it increases along with the service industry's growth at a level higher than 70.9%.
Conclusions – While the current proportion of the size of the service industry among all industries in Korea stands at 50.7%, its proper proportion estimated by a regression analysis was 70.9%. KCI Citation Count: 1 |
Author | Yoon Sung-Wook GeunHa Suh |
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Cites_doi | 10.2307/2297111 10.1023/A:1016200800982 10.1007/BF02685805 10.1016/j.qref.2004.02.003 10.2307/4135292 10.1111/j.1741-6248.1998.00287.x 10.1016/j.econlet.2008.06.013 10.2307/1913827 |
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Title | Development and Policy of Proper Management Estimation of Domestic Service Industry in Comparison with OECD Countries for Advancement of Korean Service Industry |
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