{"title":"A System Dynamics Approach to Analyze the Effect of a Fostering Policy on the Coastal Shipping Industry","authors":"Sung-Jin Park, Hoo-Seok Pai, Yong-John Shin","doi":"10.5394/KINPR.2016.40.5.345","DOIUrl":null,"url":null,"abstract":": This study presents a system dynamics methodology to evaluate quantitatively the effect ofthe Korean government’s developmentpolicy, suchastaxreductions, onthe industrialeconomy.Systemdynamicsisoftenperceivedasanoptimizedmeansto identifythedynamicinter-relationshipsamongvariousfactorsofdevelopmentpolicies,andinparticulartheindustrialcharacteristicsand uncertaintiesofthecoastalshippingindustry.Theresultsofsimulationsusedinthisstudyshowsthattheimpactofdevelopmentpolicies suchastaxreductionswould increase shipping demand for about4years, andthattaxincentivescould raise the demandvolume for cabotagecargofrom5.26to11.11%,throughtheavailablefreight-downby90∼95%points.Thesystemdynamicsapproachusedinthis paperrepresentsaninitialattempttousethismethodologyinstudiesofthecoastalshippingindustry.Onthebasisof oursimulations, theindustrialeffectsofotherdevelopmentpolicies,suchasshipfinancingsupport,investmentofsocialoverhead,orcrewsupply,could alsobeanalyzedeffectively.Additionally,itshouldbepossibletoextendtheseresultsbydevelopingacomprehensivemodelencompassing thesevariousanalyses.","PeriodicalId":16242,"journal":{"name":"Journal of Korean navigation and port research","volume":"281 6 1","pages":"345-351"},"PeriodicalIF":0.0000,"publicationDate":"2016-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Korean navigation and port research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5394/KINPR.2016.40.5.345","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
: This study presents a system dynamics methodology to evaluate quantitatively the effect ofthe Korean government’s developmentpolicy, suchastaxreductions, onthe industrialeconomy.Systemdynamicsisoftenperceivedasanoptimizedmeansto identifythedynamicinter-relationshipsamongvariousfactorsofdevelopmentpolicies,andinparticulartheindustrialcharacteristicsand uncertaintiesofthecoastalshippingindustry.Theresultsofsimulationsusedinthisstudyshowsthattheimpactofdevelopmentpolicies suchastaxreductionswould increase shipping demand for about4years, andthattaxincentivescould raise the demandvolume for cabotagecargofrom5.26to11.11%,throughtheavailablefreight-downby90∼95%points.Thesystemdynamicsapproachusedinthis paperrepresentsaninitialattempttousethismethodologyinstudiesofthecoastalshippingindustry.Onthebasisof oursimulations, theindustrialeffectsofotherdevelopmentpolicies,suchasshipfinancingsupport,investmentofsocialoverhead,orcrewsupply,could alsobeanalyzedeffectively.Additionally,itshouldbepossibletoextendtheseresultsbydevelopingacomprehensivemodelencompassing thesevariousanalyses.