International Journal of Internet, Broadcasting and Communication

The Institute of Internet, Broadcasting and Communication (한국인터넷방송통신학회)
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The role of Universities in the Development of Local Economies: A Case Study in the western of Jeonnam

  • Sung Hyun Park (Department of Liberal Arts/Institution for Marine and Island Cultures, Mokpo National University) ;
  • Ki Kibeom Kim (Department of Business Administration, Mokpo National University)
  • Received : 2023.02.27
  • Accepted : 2023.03.06
  • Published : 2023.05.31
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Abstract

As a result of this study, the income generation effect generatded by regional universities for the region is KRW 130.6 billion (direct and indirect income effect KRW 90.9 billion, induced income effect KRW 39.6 billion). In addition, it is estimated that the effect of regional universities on inducing employment in the region is 2,145 per year. Unless quality jobs are secured, the outflow of population to the metropolitan area will accelerate, and the disappearance of local areas will emerge as a social problem in the near future. Considering the effect of local universities on the local economy revealed through the results of this study, that is, the income and job creation effects, the government will be able to prevent local extinction by providing bold financial support to local universities. If it is difficult to afford it with government finances alone, it can be solved by opening the door to universities for admission through donations, which many advanced countries are introducing..

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References

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