초록

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Abstract ▼ AI-Helper

The important sources of competition in the industrial age were the traditional and quantitative factors of production such as capital, labor and land. However, in the new age of knowledge and information, the creativity and intellectual capability of the people determine national competitiveness. I...

The important sources of competition in the industrial age were the traditional and quantitative factors of production such as capital, labor and land. However, in the new age of knowledge and information, the creativity and intellectual capability of the people determine national competitiveness. It is well known that human creativity becomes enhanced when the society flourishes with active sports and cultural activities. Therefore, policy efforts to develop sports and cultural level of a country obviously contribute its industrial competitiveness in the oversea"s as well as domestic markets. In this context, this paper empirically examines the impacts of the culture and sports industries on the other sectors of the Korean economy. In the process, analytical tools of the input-output framework are rigorously utilized to find out specifically not only the production and value-added augmenting effects but also the import inducing effect of the culture and sports industries on the national economy. Based on this empirical efforts and some other qualitative arguments, this paper suggests a few policy alternatives to develop the culture and sports industry.