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A Study on the Economic Effects of Commercial District Management Organizations on Korean Traditional Markets
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상권관리기구 설립의 전통시장 활성화 효과에 관한 연구

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Type
Academic journal
Author
Moon Seongman (전북대학교) Jinhwa Chung (계명대학교)
Journal
한국경제통상학회 경제연구 경제연구 제41권 제2호 KCI Accredited Journals
Published
2023.5
Pages
29 - 48 (20page)

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A Study on the Economic Effects of Commercial District Management Organizations on Korean Traditional Markets
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Abstract· Keywords

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This paper studies the economic effects of the commercial district management organization established to implement the local government’s commercial district revitalization project. Using Korean traditional market panel data and a difference-in-difference estimation method, we estimate the difference in economic performance between traditional markets with the commercial district management organization and those without it. According to the estimation results, Korean traditional markets with the commercial district management organization have better economic performance than those without it. This implies that it is necessary to establish and manage an organization dedicated to support activities in order to revitalize Korean traditional market business districts.
#상권관리기구 #전통시장 #이중차분 #패널자료 #commercial district management organization #Korean traditional markets #difference-in-difference #panel data

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