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Estimating the Socio-Economic Value of Dance Curriculum as Public Education in Korea for Sustainable Development: Using Contingent Valuation Method

Author

Listed:
  • Jian Kim

    (Department of Sports and Dance, Sangmyung University, Seoul 03016, Korea)

  • Jeongok Yoon

    (Global Research Institute for Arts and Culture Education, Sangmyung University, Seoul 03016, Korea)

Abstract

The purpose of this study was to examine the socioeconomic value of dance curricula as public education for sustainable development. To demonstrate the legitimacy of dance programming in the arts curriculum, we sought to determine which of the contingent valuation methods (CVMs) is best suited to the application of the WTP model and how the socioeconomic value of school dance is ultimately evaluated. As a research method, we leverage CVM, which is widely used in practical policy research. The results of this study are as follows: As a result of estimating the socioeconomic value of school dances conducted by public education, additional income tax payment was estimated at KRW 22,367 per person. Suppose this is translated into approximately 5.452 million school-aged people (as of 2020, KOSIS), the total benefits of a school dance in Korean public education could be interpreted as an annual utility value of about KRW 121,944,884,000. This study has academic significance in that it demonstrates the socioeconomic value of school dance education as education for sustainable development. In addition, it has practical significance in that it can be used for institutional improvements and policy budgeting.

Suggested Citation

  • Jian Kim & Jeongok Yoon, 2022. "Estimating the Socio-Economic Value of Dance Curriculum as Public Education in Korea for Sustainable Development: Using Contingent Valuation Method," Sustainability, MDPI, vol. 14(3), pages 1-13, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1635-:d:738901
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