earticle

영어

This study is to estimate regional economic impacts of the 6th Hampyeong Butterfly Festival by adopting a regional input-output model, which is derived by a location-quotient approach. The 6th Hampyeong Butterfly Festival induced increased visitors and their spending in Jeonnam Province, and this initial direct impact caused backward and forward indirect effects to various industries linked with the service production industry. This study can assess these direct and indirect effects of the 6th Hampyeong Butterfly Festival by using an input-output model. The empirical results of the study can be summarized as follows: (1) the Hampyeong Butterfly Festival increased city outputs approximately by 12.5 billion Won, increased employment by 306 people, and increased total income of the province by 3.4 billion Won. (2) Economic impacts were mostly concentrated in service related industries, except several manufacturing industries that took small impacts.