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A Exploratory Research of Economic Effects on Wellness Tourism Industry in Korea: Exogenous Specified Input-Output Model

  • Journal of Asia-Pacific Studies
  • Abbr : JAPS
  • 2020, 27(1), pp.349-378
  • DOI : 10.18107/japs.2020.27.1.012
  • Publisher : Institute of Global Affairs
  • Research Area : Social Science > Social Science in general
  • Received : February 10, 2020
  • Accepted : March 16, 2020
  • Published : March 30, 2020

Shin, Mi Young 1,  Na Ju Mong 1

1전남대학교

Accredited

ABSTRACT

The purpose of this study is to analyze the impacts of the sub-industries of wellness tourism on the national economy and to analyze the effects of medical services, personal services and tourism services. The purpose of this study is to analyze the effects of Wells Tourism on the national economic impact by comparing the economic effects between industries. In this study, wellness tourism is defined as a fusion of medical service and individual service, tourism service through similar concept survey, and the detailed composition industry of each service is defined. The analysis is based on the Korean Input-Output Table, which is based on the demand driven model and the industry linkage effect. As a result, the production inducing effect was 0.5508 won for medical industry, 0.9268 won for personal service, 0.7738 won for tourism industry, and 0.6861 won for wellness tourism. The add-value inducing effect was 0.2171 won for medical industry, 0.3137 won for personal service, 0.2512 won for tourism industry, and 0.2224 won for wellness tourism. The medical and personal service industries are analyzed as the raw industrial of final demand, and the tourism and wellness tourism industries as the raw indistrial of intermediate demand. The private service industry is expected to generate more production and value-added inducing effect than medical and tourism industries and to find a way to link up with the personal service industry when setting up the development of wellness tourism. The economic ripple effects of wellness tourism will increase when the tourism industry is linked with the medical and personal service industry contents that can induce domestic production and attract consumers. In order to increase the localization rate of the medical industry and the personal service industry, R&D and technology development support measures should be prepared.

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* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.
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