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The Effect of Local Universities on the Local Economy : Based on Industry Linkage Analysis

  • Sung Hyun Park (Department of Liberal Arts/Institution for Marine and Island Cultures, Mokpo National University) ;
  • Ki Beom Kim (Department of Business Administration, Mokpo National University)
  • Received : 2024.01.11
  • Accepted : 2024.02.06
  • Published : 2024.02.29
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Abstract

We analyzed the effect of local college students' economic activities on the local economy. The analysis method was an industry-related analysis based on data obtained from a survey. As a result of the analysis, local university students were found to be sensitive to price when consuming due to insufficient living infrastructure around local universities. In addition, as a result of analyzing the impact of local college students' consumption expenditures on the local economy, especially local income, using a regional industry correlation table, the total income generated was KRW 130.6 billion (direct and indirect income effects KRW 90.9 billion, induced income effects KRW 39.6 billion), and the number of people induced to be employed was KRW 130.6 billion. It was estimated that there were 2,145 people per year. We examined the effect of local college students' economic activities on the local economy through quantitative analysis. This is a contribution point of the study as evidence supporting the maintenance and necessity of local universities, and suggests that the government and local governments should take active interest and efforts in fostering local universities.

Keywords

Acknowledgement

Among the authors of this study, Professor Ki beom Kim participated in this study with support from Mokpo National University's intramural research grant in 2023

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