IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i7p2912-d341985.html
   My bibliography  Save this article

Productivity Evaluation of Tourism and Culture for Sustainable Economic Development: Analyzing South Korea’s Metropolitan Regions

Author

Listed:
  • Hyo-Jae Joun

    (Korea Culture & Tourism Institute, Seoul 07511, Korea)

  • Hany Kim

    (Department of Tourism and Convention, Pusan National University, Busan 46241, Korea)

Abstract

We analyzed the productivity of tourism- and culture-related economic activity in South Korea, adopting the Malmquist productivity index based on data envelopment analysis. We examined whether the productivity of tourism efficiently attracts financial investment. We used various objective indicators as the input and output variables of 16 metropolitan regions in South Korea between 2013 and 2018. To effectively understand the productivity of regions, the 16 metropolitan regions were categorized into four groups based on the ratio of financial independence and rate of city region, and regions were characterized as urbanized, traditional metropolitan, industrialized, or less developed. The findings reveal that the tourism industry in relatively less urbanized regions is more productive. Compared with other industries, public pre-investment and private investment strategies specific to tourism may yield more efficient results in terms of total production and employment. In other words, tourism may constitute a gateway to economic sustainability in less developed regions through the revitalization and/or balanced development of local structures.

Suggested Citation

  • Hyo-Jae Joun & Hany Kim, 2020. "Productivity Evaluation of Tourism and Culture for Sustainable Economic Development: Analyzing South Korea’s Metropolitan Regions," Sustainability, MDPI, vol. 12(7), pages 1-19, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:2912-:d:341985
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/7/2912/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/7/2912/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. A. George Assaf & Larry Dwyer, 2013. "Benchmarking International Tourism Destinations," Tourism Economics, , vol. 19(6), pages 1233-1247, December.
    2. Rolf Färe & Emili Grifell‐Tatjé & Shawna Grosskopf & C. A. Knox Lovell, 1997. "Biased Technical Change and the Malmquist Productivity Index," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(1), pages 119-127, March.
    3. Tiziana Cuccia & Calogero Guccio & Ilde Rizzo, 2017. "UNESCO sites and performance trend of Italian regional tourism destinations," Tourism Economics, , vol. 23(2), pages 316-342, March.
    4. Kim, Kyungmi & Uysal, Muzaffer & Sirgy, M. Joseph, 2013. "How does tourism in a community impact the quality of life of community residents?," Tourism Management, Elsevier, vol. 36(C), pages 527-540.
    5. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers," Economic Journal, Royal Economic Society, vol. 92(365), pages 73-86, March.
    6. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    7. Hany Kim & Yeongbae Choe & Daehwan Kim & Jeongmi (Jamie) Kim, 2019. "For Sustainable Benefits and Legacies of Mega-Events: A Case Study of the 2018 PyeongChang Winter Olympics from the Perspective of the Volunteer Co-Creators," Sustainability, MDPI, vol. 11(9), pages 1-15, April.
    8. Yuan-ho Lee & Lung-Tan Lu & An-De Sung, 2012. "A Measure to the Operational Performance of International Hotels in Taiwan: DEA and Malmquist Approach," Review of Economics & Finance, Better Advances Press, Canada, vol. 2, pages 73-83, February.
    9. Valentina Bosetti & Mariaester Cassinelli & Alessandro Lanza, 2007. "Benchmarking in Tourism Destinations; Keeping in Mind the Sustainable Paradigm," Springer Books, in: Álvaro Matias & Peter Nijkamp & Paulo Neto (ed.), Advances in Modern Tourism Research, chapter 0, pages 165-180, Springer.
    10. Chen, Yao, 2003. "A non-radial Malmquist productivity index with an illustrative application to Chinese major industries," International Journal of Production Economics, Elsevier, vol. 83(1), pages 27-35, January.
    11. Maria Francesca Cracolici & Peter Nijkamp & Miranda Cuffaro, 2007. "Efficiency and Productivity of Italian Tourist Destinations: A Quantitative Estimation Based on Data Envelopment Analysis and the Malmquist Method," Springer Books, in: Álvaro Matias & Peter Nijkamp & Paulo Neto (ed.), Advances in Modern Tourism Research, chapter 0, pages 325-343, Springer.
    12. Fafurida & Erliz Nindi Pratiwi, 2017. "Financial independence of regencies and cities in Central Java," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 9(2), pages 199-209, April.
    13. A. Camanho & R. Dyson, 2006. "Data envelopment analysis and Malmquist indices for measuring group performance," Journal of Productivity Analysis, Springer, vol. 26(1), pages 35-49, August.
    14. Bojanic, David C. & Lo, Melody, 2016. "A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries," Tourism Management, Elsevier, vol. 53(C), pages 207-214.
    15. Álvaro Matias & Peter Nijkamp & Paulo Neto (ed.), 2007. "Advances in Modern Tourism Research," Springer Books, Springer, number 978-3-7908-1718-8, December.
    16. Carlos Barros & Fernando Alves, 2004. "Productivity in the tourism industry," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(3), pages 215-225, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mandeep Mahendru & Vibha Arora & Ravi Chatterjee & Gagan Deep Sharma & Irum Shahzadi, 2024. "From Over-Tourism to Under-Tourism via COVID-19: Lessons for Sustainable Tourism Management," Evaluation Review, , vol. 48(1), pages 177-210, February.
    2. Boroujerdi Saeed Sadeghi & Mansouri Hossein & Asadi Sahar, 2023. "Developing Sports Tourism Destinations in Emerging Countries: The Case of Zrebar Lake in Iran," Polish Journal of Sport and Tourism, Sciendo, vol. 30(2), pages 22-29, June.
    3. Heekyun Oh, 2024. "The Moderating Role of ESG Administration on the Relationship between Tourism Activities and Carbon Emissions: A Case Study of Basic Local Governments in South Korea," Sustainability, MDPI, vol. 16(12), pages 1-26, June.
    4. Jaeyoung An & Hany Kim & Dongkeun Hur, 2021. "Keeping the Competitive Edge of a Convention and Exhibition Center in MICE Environment: Identification of Event Attributes for Long-Run Success," Sustainability, MDPI, vol. 13(9), pages 1-17, April.
    5. Songsong Zhao & Tai Huang & Jianchao Xi, 2022. "Understanding the Evolution of Regional Tourism Efficiency: Through the Lens of Evolutionary Economic Geography," Sustainability, MDPI, vol. 14(17), pages 1-16, September.
    6. Yihan Chi & Yongheng Fang & Jiamin Liu, 2022. "Spatial–Temporal Evolution Characteristics and Economic Effects of China’s Cultural and Tourism Industries’ Collaborative Agglomeration," Sustainability, MDPI, vol. 14(22), pages 1-23, November.
    7. Ji Young Jeong & Mamurbek Karimov & Yuldoshboy Sobirov & Olimjon Saidmamatov & Peter Marty, 2023. "Evaluating Culturalization Strategies for Sustainable Tourism Development in Uzbekistan," Sustainability, MDPI, vol. 15(9), pages 1-23, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Assaf, A. George & Tsionas, Mike, 2018. "The estimation and decomposition of tourism productivity," Tourism Management, Elsevier, vol. 65(C), pages 131-142.
    2. Calogero Guccio & Domenico Lisi & Marco Martorana & Anna Mignosa, 2017. "On the role of cultural participation in tourism destination performance: an assessment using robust conditional efficiency approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 129-154, May.
    3. Tiziana Cuccia & Calogero Guccio & Ilde Rizzo, 2017. "UNESCO sites and performance trend of Italian regional tourism destinations," Tourism Economics, , vol. 23(2), pages 316-342, March.
    4. Rio Benedicto Bire, 2021. "Mapping destination competitiveness in Indonesia’s Nusa Tenggara Timur (NTT) province: A Malmquist–data envelopment analysis approach," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(3), pages 820-834, June.
    5. Liu, Anyu & Wu, Doris Chenguang, 2019. "Tourism productivity and economic growth," Annals of Tourism Research, Elsevier, vol. 76(C), pages 253-265.
    6. Barnabé Walheer, 2018. "Cost Malmquist productivity index: an output-specific approach for group comparison," Journal of Productivity Analysis, Springer, vol. 49(1), pages 79-94, February.
    7. Zhen Su & Joshua R. Aaron & William C. McDowell & Dan Dan Lu, 2019. "Sustainable Synergies between the Cultural and Tourism Industries: An Efficiency Evaluation Perspective," Sustainability, MDPI, vol. 11(23), pages 1-20, November.
    8. Reza Fallahnejad & Mohammad Reza Mozaffari & Peter Fernandes Wanke & Yong Tan, 2024. "Nash Bargaining Game Enhanced Global Malmquist Productivity Index for Cross-Productivity Index," Games, MDPI, vol. 15(1), pages 1-21, January.
    9. A. George Assaf & Larry Dwyer, 2013. "Benchmarking International Tourism Destinations," Tourism Economics, , vol. 19(6), pages 1233-1247, December.
    10. Tsionas, Efthymios G. & George Assaf, A., 2014. "Short-run and long-run performance of international tourism: Evidence from Bayesian dynamic models," Tourism Management, Elsevier, vol. 42(C), pages 22-36.
    11. Santos, Sérgio P. & São José, José M.S., 2018. "Measuring and decomposing the gender pay gap: A new frontier approachAuthor-Name: Amado, Carla A.F," European Journal of Operational Research, Elsevier, vol. 271(1), pages 357-373.
    12. Walheer, Barnabé, 2018. "Disaggregation of the cost Malmquist productivity index with joint and output-specific inputs," Omega, Elsevier, vol. 75(C), pages 1-12.
    13. Walheer, Barnabé, 2019. "Malmquist productivity index for multi-output producers: An application to electricity generation plants," Socio-Economic Planning Sciences, Elsevier, vol. 65(C), pages 76-88.
    14. Barros, Carlos Pestana & Botti, Laurent & Peypoch, Nicolas & Robinot, Elisabeth & Solonandrasana, Bernardin & A., George Assaf, 2011. "Performance of French destinations: Tourism attraction perspectives," Tourism Management, Elsevier, vol. 32(1), pages 141-146.
    15. An, Duong Hoai, 2022. "Performance of universities in Vietnam," International Journal of Educational Development, Elsevier, vol. 91(C).
    16. Assaf, A. George & Tsionas, Efthymios G., 2015. "Incorporating destination quality into the measurement of tourism performance: A Bayesian approach," Tourism Management, Elsevier, vol. 49(C), pages 58-71.
    17. Somesh K. Mathur, 2009. "Financial Analysis of the ICT Industry," Journal of Infrastructure Development, India Development Foundation, vol. 1(1), pages 17-43, June.
    18. Thanassoulis, Emmanuel & Shiraz, Rashed Khanjani & Maniadakis, Nikolaos, 2015. "A cost Malmquist productivity index capturing group performance," European Journal of Operational Research, Elsevier, vol. 241(3), pages 796-805.
    19. Guccio, Calogero & Mazza, Isidoro & Mignosa, Anna & Rizzo, Ilde, 2018. "A round trip on decentralization in the tourism sector," Annals of Tourism Research, Elsevier, vol. 72(C), pages 140-155.
    20. Zhu, Weiwei & Zhu, Yaqin & Lin, Huaping & Yu, Yu, 2021. "Technology progress bias, industrial structure adjustment, and regional industrial economic growth motivation —— Research on regional industrial transformation and upgrading based on the effect of lea," Technological Forecasting and Social Change, Elsevier, vol. 170(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:2912-:d:341985. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.