Journal of Engineering and Applied Sciences

Year: 2020
Volume: 15
Issue: 9
Page No. 2070 - 2074

Government Involvement in Sport Industry and the Economic Impact in South Korea: Application of Input-Output Analysis to Sport Industry Support Project

Authors : Han -Woong Yoo

Abstract: The purpose of this research was to examine the scope of the government’s intervention into the sport industry and the economic impact caused by it. For this purpose, this research analyzed the budget of South Korean Government and confirmed the scale of the government’s involvement in the sport industry through the sport industry support project by input-output relation analysis. First, the budget of the governmental sport industry budget is 95,173 thousand USD which is 8.03% of national sport finance and 0.022% of the government’s budget. Second, 91,370 thousand USD was financed through the intervention of the sport industry market. The production inducement146,985 thousand USD, valueadded inducement 79,107 thousand USD and employment inducement855 people has created economic impacts. The effect of the government depends on the characteristics of the industry and the method of spending.

How to cite this article:

Han -Woong Yoo , 2020. Government Involvement in Sport Industry and the Economic Impact in South Korea: Application of Input-Output Analysis to Sport Industry Support Project. Journal of Engineering and Applied Sciences, 15: 2070-2074.

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