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Measuring the Economic Impact of Rural Tourism Membership on Local Economy: A Korean Case Study

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  • Hio-Jung Shin

    (Department of Agricultural and Resource Economics, Kangwon National University, Chuncheon 24341, Korea)

  • Hyun No Kim

    (Environmental Policy Research Group, Korea Environment Institute, Sejong 30147, Korea)

  • Jae-Young Son

    (Department of Tourism, Kangwon National University, Samcheok 25913, Korea)

Abstract

The implementation of rural tourism membership can aid in boosting economic growth in rural areas. This study examines households’ preferences for rural tourism experience in association with sales of local agricultural products. Using a choice experiment method developed by experimental designs, this paper examines households’ preferences to trade off purchasing costs of local agricultural products against various benefits provided by the rural tourism membership. The methods utilized in this paper represent an effective approach to evaluate the value of local tourism resources and the influence of these resources on the local economy. In empirical estimation we applied econometric approaches that allow for different preferences by incorporating income and residence effects into the models. Findings reveal that respondents place a premium on tourism attributes such as invitation seats and outdoor adventure tickets when choosing a tourism membership. We also find that the economic impacts associated with inducing higher-level tourism membership are substantial. This paper illustrates the potential for the development of a strategy associated with rural tourism management to enhance the local economy.

Suggested Citation

  • Hio-Jung Shin & Hyun No Kim & Jae-Young Son, 2017. "Measuring the Economic Impact of Rural Tourism Membership on Local Economy: A Korean Case Study," Sustainability, MDPI, vol. 9(4), pages 1-13, April.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:4:p:639-:d:96111
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    6. Fotios Chatzitheodoridis & Achilleas Kontogeorgos, 2020. "Exploring of a Small-Scale Tourism Product under Economic Instability: The Case of a Greek Rural Border Area," Economies, MDPI, vol. 8(3), pages 1-20, June.
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    8. Gangmin Weng & Yue Pan & Jianpu Li, 2021. "Study on the Influencing Factors and Acting Path of the Sustainable Development of Rural Tourism Based on EEAM-ISM Model," Sustainability, MDPI, vol. 13(10), pages 1-16, May.
    9. José María Martín Martín & Jose Manuel Guaita Martínez & José Antonio Salinas Fernández, 2018. "An Analysis of the Factors behind the Citizen’s Attitude of Rejection towards Tourism in a Context of Overtourism and Economic Dependence on This Activity," Sustainability, MDPI, vol. 10(8), pages 1-18, August.

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