earticle

영어

Over the last quarter century Kangwon Province has recorded relatively low economic growth and thus has suffered from low financial self-sufficiency. Recently as a leading and strategic industry, Kangwon Province has chosen medical tourism sector which has grown rapidly over the last several years, and has fostered the local medical tourism industry with large financial supports. This paper has two purposes. The first is to suggest the new and simple method to derive a regional input-output model from the national input-output table. Second, this paper aims to elucidate characteristics on the medical tourism industry on the basis of the regional I-O model and to analyse its effects on the regional economy. Empirical results are summarized as the followings. Medical tourism in the region has great potentials with the income multiplier 1.742, low imports coefficient 0.043, and the LQ index, 1.18. Correlation coefficient between local tax revenue and the tourism revenue proved to be 0.90. The predicted annual value of final demand in medical tourism potentially is expected to lead to 2,715 billion Won in regional output, 842 billion Won in value added, and 189 billion Won in local tax revenue.