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.

Yuanyuan Hao, Mengyuan Kong