공간확률변경분석을 적용한 국내 외국인 전용 카지노의 효율성 분석

Abstract

Purpose - Since the competition of the casino industry has been increased in Korea, the efficient casino operation is required for success in its business. In addition, the previous researches stated that there would be existed the spatial effect on efficient operation among the casinos in Korea. Thus, the purpose of this study is to examine the efficiency of casino companies in Korea by using the spatial effect. Design, data, and methodology -Spatial Stochastic Frontier Analysis (SSFA) was adopted to achieve the purpose of the study. The sample data were gathered from the “Annual casino statistics” from 2009 to 2018 provided by the Ministry of Culture, Sports and Tourism in Korea. The variables used in the study were the number of employees, the area of permission, the revenue per employee, and the number of visitors. ‘Frontier’ package of R programming was used for the analysis. Result - The empirical results showed that the spatial effects are existed to the casinos across the country and on Jeju Island. Specifically, the more distance among the casinos decreases, the more efficiency to the performance of casino in terms of both the number of visitors and the revenue per employee would be increased for a sample of the entire country, as well as only Jeju Island. However, only the number of visitors increases for the inland province as the distance among the casinos decreases. Conclusions -There’s a spatial effect on efficient operation among the casinos in Korea. In other word, the cluster effect would influence increase of an efficient performance of casino companies in Korea. Therefore, the distance would be considered with one of the key factors to success in the casino industry.