The purpose of this study is to analyze regional economic impacts of the '98 Kyongju World Culture Expo. In order to quantify the impacts by the '98 Kyongju World Culture Expo, this study is to make Kyongbuk interindustrial tabled22 X 22 sectors) and ...
The purpose of this study is to analyze regional economic impacts of the '98 Kyongju World Culture Expo. In order to quantify the impacts by the '98 Kyongju World Culture Expo, this study is to make Kyongbuk interindustrial tabled22 X 22 sectors) and to analyze interindustrial structure of the Kyongbuk region. The input-output model provides a framework within which to assess the economic impacts associated with the introduction of a new industry into an economy. The I/O analysis has a number of advantages compared to the alternative methodologies such as an ad hoc model and a shift-share analysis.
The investment expenditure for Kyungiu Expo is about 40.4 billion won. The total tourism expenditure by domestic and foreign visitors estimates about 159.4 billion won.
These investment and tourism expenditures not only have a direct impact on the construction and tourism industry, but also have an indirect impact on the other sectors of the economy. Economic impacts of '98 Kyungiu Expo on regional economy will be increasement of 256.43 billon won in production, 25,298 job creation in employment and adding of 92.38 billion won in income.