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korean management review - Vol. 51 , No. 4

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[ Article ]
korean management review - Vol. 51, No. 4, pp. 931-956
Abbreviation: kmr
ISSN: 1226-1874 (Print)
Print publication date 31 Aug 2022
Received 08 Mar 2022 Accepted 08 Apr 2022
DOI: https://doi.org/10.17287/kmr.2022.51.4.931
Evaluating the Economic Effects of Seoul Smart Tourism Contents by Using RAS Method
Hyunae Lee ; Namho Chung ; Chulmo Koo
(First Author) Smart Tourism Research Center, Kyung Hee University (halee8601@khu.ac.kr)
(Corresponding Author) Smart Tourism Education Platform, Kyung Hee University (nhchung@khu.ac.kr)
(Co-Author) Smart Tourism Education Platform, Kyung Hee University (helmetgu@khu.ac.kr)
서울 스마트관광 콘텐츠의 경제적 파급효과 분석: RAS(양비례조정법)를 활용하여

Copyright 2011 THE KOREAN ACADEMIC SOCIETY OF BUSINESS ADMINISTRATION This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted, distribution, and reproduction in any medium, provided the original work is properly cited.


Funding Information ▼ Ministry of Education National Research Foundation of Korea NRF-2019S1A3A2098438 Seoul Tourism Organization

Abstract

Smart tourism content helps cities build resilience by creating economic, social and public value. Seoul, one of the leading smart tourism cities, has increasingly recognized the economic importance of smart tourism content, and in doing so, has carried out numerous investment projects from 2019 to 2023. This study aims to evaluate the economic effect of these projects for the remaining two years from 2022 to 2023. For that, we updated 2015 input-output table and made 2020 regional input-output table of Seoul adopting RAS method and location quotient method. As a result, the investment of 10.5 billion KRW for two years is expected to create more than 17.5 billion KRW of production inducement effect which is expected to create more than 14.6 billion KRW of income-inducing effects, about 5.7 billion KRW of value-added-inducing effects, about 7 billion KRW of indirect tax-inducing effects and 157 employment across all industries in Seoul.


Keywords: Smart tourism contents, Economic effect, Input-output analysis, RAS

Acknowledgments

This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2019S1A3A2098438) and Seoul Tourism Organization.

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∙ The author Hyunae Lee is a research professor at the Smart Tourism Research Center (STRC) of Kyung Hee University, Republic of Korea. She’s got a PhD in Hotel Management from Kyung Hee University. Her research interests focus on the role of information systems on pre-decision, decision and post-purchase evaluation of tourists. Her research work has been published in Journal of Travel Research, International Journal of Hospitality Management, International Journal of Contemporary Hospitality Management, Information & Management, Telematics and Informatics and others.

∙ The author Namho Chung is a dean of College of Hotel and Tourism Management of Kyung Hee University. He’s got a PhD in MIS from Sungkyunkwan University. His research interests include travel behavior, information search and decision making, destination marketing, knowledge management, and the development of information systems for Destination Management Organizations. His research work has been published in journals such as Tourism Management, Journal of Travel Research, Information & Management, Computers in Human Behavior, Korean Management Review, Asia Pacific Journal of Information Systems Knowledge Management Research, Journal of Tourism Science and others.

∙ The author Chulmo Koo is a professor of Smart Tourism Education Platform of Kyung Hee University and a co-editor of Journal of Smart Tourism. He served as a postdoc researcher at University of Minnesota, a full-time instructor at Marshall University and an assistant professor at Chosun University. His research interests include smart tourism. His research work has been published in Tourism Management, Journal of Travel Research, International Journal of Electronic Commerce, International Journal of Hospitality Management, Korean Management Review, Journal of Tourism Science and others.