IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v9y2017i4p639-d96111.html
   My bibliography  Save this article

Measuring the Economic Impact of Rural Tourism Membership on Local Economy: A Korean Case Study

Author

Listed:
  • Hio-Jung Shin

    (Department of Agricultural and Resource Economics, Kangwon National University, Chuncheon 24341, Korea)

  • Hyun No Kim

    (Environmental Policy Research Group, Korea Environment Institute, Sejong 30147, Korea)

  • Jae-Young Son

    (Department of Tourism, Kangwon National University, Samcheok 25913, Korea)

Abstract

The implementation of rural tourism membership can aid in boosting economic growth in rural areas. This study examines households’ preferences for rural tourism experience in association with sales of local agricultural products. Using a choice experiment method developed by experimental designs, this paper examines households’ preferences to trade off purchasing costs of local agricultural products against various benefits provided by the rural tourism membership. The methods utilized in this paper represent an effective approach to evaluate the value of local tourism resources and the influence of these resources on the local economy. In empirical estimation we applied econometric approaches that allow for different preferences by incorporating income and residence effects into the models. Findings reveal that respondents place a premium on tourism attributes such as invitation seats and outdoor adventure tickets when choosing a tourism membership. We also find that the economic impacts associated with inducing higher-level tourism membership are substantial. This paper illustrates the potential for the development of a strategy associated with rural tourism management to enhance the local economy.

Suggested Citation

  • Hio-Jung Shin & Hyun No Kim & Jae-Young Son, 2017. "Measuring the Economic Impact of Rural Tourism Membership on Local Economy: A Korean Case Study," Sustainability, MDPI, vol. 9(4), pages 1-13, April.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:4:p:639-:d:96111
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/9/4/639/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/9/4/639/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Naidoo, Robin & Adamowicz, Wiktor L., 2005. "Biodiversity and nature-based tourism at forest reserves in Uganda," Environment and Development Economics, Cambridge University Press, vol. 10(2), pages 159-178, May.
    2. Elias Giannakis, 2014. "The Role Of Rural Tourism On The Development Of Rural Areas: The Case Of Cyprus," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 8(1), pages 38-53, JUNE.
    3. Choi, Andy S. & Ritchie, Brent W. & Papandrea, Franco & Bennett, Jeff, 2010. "Economic valuation of cultural heritage sites: A choice modeling approach," Tourism Management, Elsevier, vol. 31(2), pages 213-220.
    4. Giannakis, Elias & Efstratoglou, Sophia, 2011. "An input-output approach in assessing the CAP reform impact of extensive versus intensive farming systems on rural development: The case of Greece," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 12(01).
    5. Giannakis, Elias & Efstratoglou, Sophia & Psaltopoulos, Demetris, 2014. "Modelling the impacts of alternative CAP scenarios through a system dynamics approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-20.
    6. Adamowicz W. & Louviere J. & Williams M., 1994. "Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 271-292, May.
    7. Boxall, Peter C. & Adamowicz, Wiktor L. & Swait, Joffre & Williams, Michael & Louviere, Jordan, 1996. "A comparison of stated preference methods for environmental valuation," Ecological Economics, Elsevier, vol. 18(3), pages 243-253, September.
    8. Rose, John M. & Bliemer, Michiel C.J. & Hensher, David A. & Collins, Andrew T., 2008. "Designing efficient stated choice experiments in the presence of reference alternatives," Transportation Research Part B: Methodological, Elsevier, vol. 42(4), pages 395-406, May.
    9. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D. With contributions by-Name:Adamowicz,Wiktor, 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, November.
    10. Chaminuka, P. & Groeneveld, R.A. & Selomane, A.O. & van Ierland, E.C., 2012. "Tourist preferences for ecotourism in rural communities adjacent to Kruger National Park: A choice experiment approach," Tourism Management, Elsevier, vol. 33(1), pages 168-176.
    11. Hee-Sun Cho & Byungseol Byun & Sunmi Shin, 2014. "An Examination of the Relationship between Rural Tourists’ Satisfaction, Revisitation and Information Preferences: A Korean Case Study," Sustainability, MDPI, vol. 6(9), pages 1-19, September.
    12. Robert Hearne & C. Santos, 2005. "Tourists‘ and Locals‘ Preferences Toward Ecotourism Development in the Maya Biosphere Reserve, Guatemala," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 7(3), pages 303-318, September.
    13. Bienabe, Estelle & Hearne, Robert R., 2006. "Public preferences for biodiversity conservation and scenic beauty within a framework of environmental services payments," Forest Policy and Economics, Elsevier, vol. 9(4), pages 335-348, December.
    14. Iulia C. Muresan & Camelia F. Oroian & Rezhen Harun & Felix H. Arion & Andra Porutiu & Gabriela O. Chiciudean & Alexandru Todea & Ramona Lile, 2016. "Local Residents’ Attitude toward Sustainable Rural Tourism Development," Sustainability, MDPI, vol. 8(1), pages 1-14, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tiantian (Tiana) Shi & Xiaoming (Rose) Liu & Jun (Justin) Li, 2018. "Market Segmentation by Travel Motivations under a Transforming Economy: Evidence from the Monte Carlo of the Orient," Sustainability, MDPI, vol. 10(10), pages 1-11, September.
    2. José María Martín Martín & Jose Manuel Guaita Martínez & José Antonio Salinas Fernández, 2018. "An Analysis of the Factors behind the Citizen’s Attitude of Rejection towards Tourism in a Context of Overtourism and Economic Dependence on This Activity," Sustainability, MDPI, vol. 10(8), pages 1-18, August.
    3. Nafiah Ariyani & Akhmad Fauzi, 2024. "Assessing the Resilience of Rural Tourism in Indonesia During and After the Covid-19 Pandemic Using the Multimoora Method," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(Special 1), pages 1329-1329, November.
    4. Gangmin Weng & Yue Pan & Jianpu Li, 2021. "Study on the Influencing Factors and Acting Path of the Sustainable Development of Rural Tourism Based on EEAM-ISM Model," Sustainability, MDPI, vol. 13(10), pages 1-16, May.
    5. José María Martín Martín & Jose Antonio Salinas Fernández & José Antonio Rodríguez Martín & Juan De Dios Jiménez Aguilera, 2017. "Assessment of the Tourism’s Potential as a Sustainable Development Instrument in Terms of Annual Stability: Application to Spanish Rural Destinations in Process of Consolidation," Sustainability, MDPI, vol. 9(10), pages 1-20, September.
    6. Francisco Javier Castellano-Álvarez & Rafael Robina Ramírez & Ana Nieto Masot, 2023. "Tourism Development in the Framework of Endogenous Rural Development Programmes—Comparison of the Case Studies of the Regions of La Vera and Tajo-Salor (Extremadura, Spain)," Agriculture, MDPI, vol. 13(3), pages 1-28, March.
    7. Francisco Javier Castellano-Álvarez & María de la Cruz del Río-Rama & José Álvarez-García & Amador Durán-Sánchez, 2019. "Limitations of Rural Tourism as an Economic Diversification and Regional Development Instrument. The Case Study of the Region of La Vera," Sustainability, MDPI, vol. 11(12), pages 1-19, June.
    8. Zoltán Lakner & Anna Kiss & Ivan Merlet & Judit Oláh & Domicián Máté & Janusz Grabara & József Popp, 2018. "Building Coalitions for a Diversified and Sustainable Tourism: Two Case Studies from Hungary," Sustainability, MDPI, vol. 10(4), pages 1-23, April.
    9. Fotios Chatzitheodoridis & Achilleas Kontogeorgos, 2020. "Exploring of a Small-Scale Tourism Product under Economic Instability: The Case of a Greek Rural Border Area," Economies, MDPI, vol. 8(3), pages 1-20, June.
    10. Hyun No Kim, 2018. "The Economic Valuation of Change in the Quality of Rural Tourism Resources: Choice Experiment Approaches," Sustainability, MDPI, vol. 10(4), pages 1-17, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hyun No Kim, 2018. "The Economic Valuation of Change in the Quality of Rural Tourism Resources: Choice Experiment Approaches," Sustainability, MDPI, vol. 10(4), pages 1-17, March.
    2. Birol, Ekin & Koundouri, Phoebe, 2008. "Choice Experiments Informing Environmental Policy:A European Perspective," MPRA Paper 38232, University Library of Munich, Germany.
    3. León, Carmelo J. & de León, Javier & Araña, Jorge E. & González, Matías M., 2015. "Tourists' preferences for congestion, residents' welfare and the ecosystems in a national park," Ecological Economics, Elsevier, vol. 118(C), pages 21-29.
    4. Ildephonse, Musafili, "undated". "An Economic Analysis Of Farmers’ Preferences For Participatory Management Of Volcanoes National Park In Rwanda," Research Theses 265680, Collaborative Masters Program in Agricultural and Applied Economics.
    5. Jeff Bennett & Ekin Birol, 2010. "Introduction: The Roles and Significance of Choice Experiments in Developing Country Contexts," Chapters, in: Jeff Bennett & Ekin Birol (ed.), Choice Experiments in Developing Countries, chapter 1, Edward Elgar Publishing.
    6. Robert J. Johnston & Kevin J. Boyle & Wiktor (Vic) Adamowicz & Jeff Bennett & Roy Brouwer & Trudy Ann Cameron & W. Michael Hanemann & Nick Hanley & Mandy Ryan & Riccardo Scarpa & Roger Tourangeau & Ch, 2017. "Contemporary Guidance for Stated Preference Studies," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(2), pages 319-405.
    7. De Valck, Jeremy & Vlaeminck, Pieter & Liekens, Inge & Aertsens, Joris & Chen, Wendy & Vranken, Liesbet, 2012. "The sources of preference heterogeneity for nature restoration scenarios," Working Papers 146522, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    8. Stine Broch & Suzanne Vedel, 2012. "Using Choice Experiments to Investigate the Policy Relevance of Heterogeneity in Farmer Agri-Environmental Contract Preferences," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(4), pages 561-581, April.
    9. Anders Dugstad & Kristine Grimsrud & Gorm Kipperberg & Henrik Lindhjem & Ståle Navrud, 2020. "Scope elasticity and economic significance in discrete choice experiments," Discussion Papers 942, Statistics Norway, Research Department.
    10. Hoyos, David, 2010. "The state of the art of environmental valuation with discrete choice experiments," Ecological Economics, Elsevier, vol. 69(8), pages 1595-1603, June.
    11. Concu, Nanni & Atzeni, Gianfranco, 2012. "Conflicting preferences among tourists and residents," Tourism Management, Elsevier, vol. 33(6), pages 1293-1300.
    12. Abou-Ali, Hala, 2003. "Using stated preference methods to evaluate the impact of water on health: the case of metropolitan Cairo," Working Papers in Economics 113, University of Gothenburg, Department of Economics.
    13. Haghani, Milad & Bliemer, Michiel C.J. & Hensher, David A., 2021. "The landscape of econometric discrete choice modelling research," Journal of choice modelling, Elsevier, vol. 40(C).
    14. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376, March.
    15. Taro Ohdoko & Kentaro Yoshida, 2012. "Public preferences for forest ecosystem management in Japan with emphasis on species diversity," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 14(2), pages 147-169, April.
    16. Venus, Terese E. & Sauer, Johannes, 2022. "Certainty pays off: The public's value of environmental monitoring," Ecological Economics, Elsevier, vol. 191(C).
    17. Hasler, Berit & Lundhede, Thomas, 2005. "Are Agricultural Measures for Groundwater Protection Beneficial When Compared to Purification of Polluted Groundwater?," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24587, European Association of Agricultural Economists.
    18. repec:ehu:biltok:5571 is not listed on IDEAS
    19. Marta Meleddu, 2014. "Tourism, Residents’ Welfare And Economic Choice: A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 28(2), pages 376-399, April.
    20. Anna Alberini & Aline Chiabai & Lucija Muehlenbachs, 2005. "Using Expert Judgment to Assess Adaptive Capacity to Climate Change: Evidence From a Conjoint Choice Survey," Working Papers 2005.106, Fondazione Eni Enrico Mattei.
    21. G. Concu, 2004. "A choice modelling approach to investigate biases in individual and aggregated benefit estimates due to omission of distance," Working Paper CRENoS 200412, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:9:y:2017:i:4:p:639-:d:96111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.