Research Reports
The Development of Rural Economic Indicators and Map
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AuthorKim, Yonglyoul
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Publication Date2011.03.01
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Original
As rural Korea becomes more complex and diversified economically and socially, it is necessary to explain the current economic situation and predict future prospects. However, the situation is that the macro indicators and statistical data to carry out the task are greatly lacking. Therefore, this study aims to develop indicators that can help capture the overall picture of the rural economy and industries in Korea.
The regional statistical data used for explaining the economic situation in rural areas are largely found at the part of population, regional economy, finance, agriculture, transportation, and tourism of national census and statistical annals of a county(Gun) level. However, in most cases the data are national or provincial data, or worse, there isn't even statistical data available. In the case of indicators, the data are released by the National Statistical Office or Bank of Korea, but as in the case of regional statistics, economic indicators at the provincial and national levels are abundant whereas indicators at the county level are lacking. To make up for the shortcoming, it is necessary to either process existing statistics or develop new indicators by using statistical techniques.
A comparative analysis of the relative importance of economic indicators by experts has revealed that it is imperative to expand the scale of survey and publication of the provincial and national level indicators concerning labor productivity index, agricultural indicators of profit, productivity and stability, consumer price index, and farm's sale and purchase price index.
The rural economic map should be comprised of price index, financial situation, employment situation, regional economic growth, farm household economy, and income index. Based on this it should be possible to understand the current situation concerning employment, degree of economic growth, regional differences, and jobs. And this would allow one to understand how the economic situation in rural areas differs from the economic situation at the provincial and national levels.
Even though there are statistical limits, it will be possible to develop a system that can capture the year-to-year state of the rural economy through continuous development of indicators based on given statistics and development of estimates by using statistical techniques.
Researchers: Yong-lyoul Kim and Byeong-seok Yoon
Research Period: 2010.12~2011.3
E-mail Address: kimyl@krei.re.kr
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