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JBE, vol. 26, no. 5, pp.575-582, September, 2021

DOI: https://doi.org/10.5909/JBE.2021.26.5.575

Analysis of the Economic Ripple Effect of New Financial Input in the National Assembly FM Radio

Sungmin Park

C.A E-mail: sungmin@assembly.go.kr

Abstract:

This study would analyze the economic impact of the new financial input to the National Assembly FM Radio. Recently, with the 4th industrial revolution and the change in the new media paradigm, there are changes into multi-media and multi-channels, such as mobile, Internet, and OTT, etc. Reflecting these changing internal and external conditions, National Assembly Television, too, should introduce FM radio broadcasting so that the viewers can use the public services without spatial and temporal constraints. Thus, this study would conduct an analysis, estimating the budget required for investing the new government funding in the National Assembly FM Radio. As for the main analysis results, the coefficient of production inducement was 1.661; that of added value, 1.141; and that of employment inducement, 7.1. In the capital district, the effect on production inducement was 6.928 billion won; that on added value inducement, 4.758 billion won; and that on employment inducement, 28.4 persons. In addition, in the whole country, the effect on production inducement was 13.257 billion won; that on added value inducement, 9.106 billion won; and that on employment inducement, 49.7 persons.



Keyword: Input-Output Analysis, Economic Spillover Effects, Value added inducement, Employment inducement effect, Economic Impact, Inter industry analysis, National Assembly Television, Radio, NATV

Reference:
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