Economy Impact of Tourism Industry in Korea - Input/Output Analysis

The analysis of the tourist industry in relation to the general industries is of high use as a means to measure an economic effectiveness as the interest in the policy of service industry increases. From the Input-Output Tables of both 2007 and 2008, Inverse Matrix Coefficients, Imports Requirement Coefficients, and Value Added Requirement Coefficients have been derived. As a result of analysis, the main indexes of the industry-related analysis have almost no differences as compared with those of the 1980s. In spite of the reduction in the scope of the tourist industry in this paper, it is estimated that the reason why the above-mentioned result has been derived is that the influence of today`s tourist industry grows bigger than that of the past. In the future studies, the agreement on the classification of tourist industry is requested. In addition, all kinds of calculations have to be derived in general, and the general parts of the tourist industry have to be analyzed in details.