[Economic Term] Sensitivity Coefficient

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The economic term of the day is Sensitivity Coefficient.

Sensitivity Coefficient is a coefficient that relatively indicates which sector is affected when one unit of final demand for the products of all sectors occurs, that is, the degree of forward chain effect. Sensitivity Coefficient is obtained by dividing the horizontal sum of the production inducement coefficients of the sector by the average of all sectors. Taking steel as an example, when the production of all industrial sectors increases by one unit, the production of steel items is induced. The Sensitivity Coefficient is a comparison of the degree of production inducement in steel with the average of all industries. It is obtained by dividing by the overall industry average. Therefore, in industries such as petroleum refining where the product is widely used as an intermediate good in each industrial sector, the Sensitivity Coefficient becomes larger.

By 2019, the Sensitivity Coefficient by industry was
https://www.istans.or.kr/mobile/suResult.do?scode=S309&pName=%EC%82%B0%EC%97%85%EC%97%B0%EA%B4%80%EA%B4 %80%EA%B3%84
You can check it here.