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How to Attract More Tourists to Korea? Possible Collaborations with China

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  • Wenjun Zhong
  • Jinhwan Oh

Abstract

Based on the gravity model, this paper analyzes China and South Korea's tourism patterns. Using a panel data set of China's international tourism flows from 32 countries for 1995-2012, and Korea's international tourism flows from 152 countries for 2005-2013, this study finds that the two countries' data sets are generally consistent with the predictions of the gravity model. We further investigated the predicted values of tourist flows with actual values to determine under-represented countries. Policy implications follow regarding how to attract more tourists to Korea.

Suggested Citation

  • Wenjun Zhong & Jinhwan Oh, 2015. "How to Attract More Tourists to Korea? Possible Collaborations with China," ERSA conference papers ersa15p595, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa15p595
    as

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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa15/e150825aFinal00595.pdf
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    References listed on IDEAS

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    1. Nazia Gul & Hafiz M. Yasin, 2011. "The Trade Potential of Pakistan: An Application of the Gravity Model," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(1), pages 23-62, Jan-Jun.
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    3. Maritza Elizabeth Bermeo Velasquez & Jinhwan Oh, 2013. "What determines international tourist arrivals to Peru? A gravity approach," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 16(4), pages 357-369, December.
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    6. Ekanayake, E. M. & Mukherjee, Amit, 2010. "Trade Blocks and the Gravity Model: A Study of Economic Integration among Asian Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 25, pages 627-643.
    7. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, December.
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    Keywords

    gravity model; China; Korea; tourism;
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