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A Study on Korea's Textile Industry and the Milan Project: Using the Daegu Region's Input-Output Model

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Abstract

The objective of this paper is twofold. First, employing the Daegu region's input-output model, this paper investigates the effects of textile industry on that region's industrial structure. While this paper considers more categorized sub-divisions of the textile industry to show possible structural adjustments within that industry, it shows the linkage effects of both forward and backward directions as well as the multiplier effects. Second, this paper also evaluates “the Milan Project” designed to revive the textile industry in Daegu-Kyungbuk area. Then this paper continues to provide policy implications for the local government as well as the central government in Korea.

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