The industrial structure is constantly evolving due to supply-side factors such as technological advancement, the labor force, capital accumulation, and international competition as well as demand-side factors such as changes in consumer needs due to increased income levels, and industrial...

The Korean economy has been characterized as a service economy since the 1990’s. This study concentrates on the service economy and aims to make the relationship between goods and service industries clear from an inter-industrial point of view. To do this, we use input-output analysis.The...

The Korean economy has shown a rapid shift to the service economy since the 1990s. The share of service industries in the GDP increased from 51.5 percent in 1990 to 58.2 percent in 2012, while that of manufacturing industries increased from 26.6 percent to 31.1 percent during the same period....

The proportion of added value in Korean manufacturing has remained stable without major changes since the 1990s, and the same was true for the nation’s service sector in the 2010s. But the structural change index (SCI), which measures the vitality or dynamism of industry as a whole, shows that...

The service industries of China have grown continuously with the development of the Chinese economy as a whole since the adoption of the reform and opening up policies of 1978. The share of service industries of the GDP increased by more than double, from 24.6 percent in 1978 to 52.2 percent in...