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

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 supplydriven 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.

Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea

“…They discovered that smart city not only allows sustainable city but also takes an important role in nation's economic growth level [35]. Kim et al (2017) used DDM, SDM and Leontief price Model, as well as the industry linkage effect to analyze the effect of U-healthcare industry that affects Korean economy [34]. The result shows that U-healthcare industry took high effect on production inducement on primary industry and low on price ripple effect [36].…”

“…Kim et al (2017) used DDM, SDM and Leontief price Model, as well as the industry linkage effect to analyze the effect of U-healthcare industry that affects Korean economy [34]. The result shows that U-healthcare industry took high effect on production inducement on primary industry and low on price ripple effect [36]. Shin (2018) analyzed mainly job creation part of demand inducement model with interindustry analysis in order to compare the effects on job creation of South Korea and the USA.…”

Main Factors Determining the Economic Production Sustained by Public Long-Term Care Spending in Spain

“…Initially developed by Leontief as a tool in interindustry analysis [25], IO models allow researchers to analyze the effects produced in the industrial activity by exogenous changes of final demand and by the exchanges of commodities between economic sectors. The advantage of using these models in quantifying shifts in economic production and capturing spillover effects in the economy makes them a suitable tool for economic impact evaluation in different fields of research as environmental analysis [26][27][28][29][30][31][32], income distribution effects [33][34][35][36][37], Tourism activities [38][39][40][41][42], socio-economic and demographic changes [43][44][45][46][47], household consumption [48][49][50][51][52] or health systems [53,54]. Furthermore, IO models entail the preliminary methodology to apply Structural Decomposition Analysis (SDA).…”

U.S. Healthcare Provider Capabilities and Performance: the Mediating Roles of Service Innovation and Quality

“…Developments in information and communication technologies (ICT) combined with improvements in socioeconomic standards of living have led to an increase in consumers' demands for personal services in a variety of industries including healthcare (Barrett et al 2015;Kim et al 2017;Mouttham et al 2012;O'Connor and O'Reilly 2016). The term service reflects the process of several entities working together to co-create value, rather than units of intangible goods (Vargo and Lusch 2008).…”