Economics

Economic effect of the golf simulation industry in Korea: an analysis based on the SVAR model

Y. Hao and M. Kong

Explore the dynamic influence of the golf simulation industry on Korea's economic growth from 2000 to 2020. This intriguing research by Yuanyuan Hao and Mengyuan Kong reveals important insights about how this industry interacts with sports investment and labor population, shaping economic outcomes in both the short and long term.

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Playback language: English

Index

Abstract

This study investigates the impact of the golf simulation industry on economic growth in Korea from 2000 to 2020 using a Structural Vector Auto-regressive (SVAR) model. Impulse response analysis reveals a strong short-term correlation between the golf simulation industry, sports industry investment, and labor population, but a weaker and uncertain interaction with economic growth. Long-term analysis shows a unidirectional positive influence from these factors on economic growth, although the effect is less volatile. Variance decomposition confirms the positive contribution of the golf simulation industry, labor population, and sports industry investment to economic growth.

Publisher

Humanities & Social Sciences Communications

Published On

Jul 13, 2022

Authors

Yuanyuan Hao, Mengyuan Kong

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