earticle

영어

This paper aims to suggest the empirical evidences on the effects of the tourism revenue on the local financial self-sufficiency, analyzing the relationships among the tourism revenue, local tax revenue, and the financial self-sufficiency in Kangwon and Jeju Province. The paper derived the interregional input-output table for Kangwon and Jeju from the national model using the regional supply proportion of industry, and then estimated the elasticities of local tax revenue with respect to the tourism revenue and the tax revenue elasticities of the local financial self-sufficiency using the autoregressive distributed lag model. The tourism revenue elasticities of local tax were estimated to be 1.1211 and 0.7892 respectively in Kangwon and Jeju Province while the local tax elasticities of the local financial self-sufficiency proved to be 0.0937 and 0.0747 respectively. The empirical results imply that the effect of tourism revenue on the local financial self-sufficiency has proved to be greater in Kangwon Province than in Jeju.