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The Intra- and Inter-Regional Economic Effects of Smart Tourism City Seoul: Analysis Using an Input-Output Model

Author

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  • Hyunae Lee

    (Smart Tourism Research Center, Kyung Hee University, 26 Kyungheedae-ro, Dongdaemun-gu, Seoul 02447, Korea)

  • Sunyoung Hlee

    (Smart Tourism Research Center, Kyung Hee University, 26 Kyungheedae-ro, Dongdaemun-gu, Seoul 02447, Korea)

Abstract

A competitive smart tourism city can be a solution for building resilience to address current and future crises and even be a booster of the economic effects of tourism, since it has an economic ripple effect both inside and outside of the city. This study tried to estimate the intra- and inter-regional economic effects of the smart tourism city Seoul, which has high competitiveness as a smart tourism city. First, this study tried to objectively clarify the scope of smart tourism based on a Delphi survey and then adopted the inter-regional input–output model. The results showed that smart tourism city Seoul is expected to create high income, high value-added, and job creation effects inside the city, and will greatly contribute to securing tax revenue. Outside of the city, smart tourism city Seoul is expected to induce high production effects. Based on these results, this study highlights the economic effects of a smart tourism city, which describes the convergence of technology and tourism.

Suggested Citation

  • Hyunae Lee & Sunyoung Hlee, 2021. "The Intra- and Inter-Regional Economic Effects of Smart Tourism City Seoul: Analysis Using an Input-Output Model," Sustainability, MDPI, vol. 13(7), pages 1-16, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:7:p:4031-:d:530380
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    References listed on IDEAS

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    Cited by:

    1. Antonio Kido-Cruz & María Teresa Kido-Cruz, 2021. "Initial Assessment of the Impact of the SARS-CoV-19 on Tourism in Mexico," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(3), pages 1-23, Julio - S.
    2. Jun, Wang Ki & An, Myung Ho & Choi, Jae Young, 2022. "Impact of the connected & autonomous vehicle industry on the Korean national economy using input-output analysis," Technological Forecasting and Social Change, Elsevier, vol. 178(C).

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