Convention industry in South Korea: An economic impact analysis

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82 Citations (Scopus)

Abstract

Objective of this study was to assess the economic impact of the convention industry in Korea. An input-output model was used to investigate the economic impact of the convention industry in terms of output, employment, income, value-added, and import. Considering multiplier effects, rate of exchange earnings, and substitution effect, the convention industry was compared with other major export products. According to results of this study, estimated economic impact of the convention industry was reported to be very significant to the Korean economy.
Original languageEnglish
Pages (from-to)533-541
Number of pages9
JournalTourism Management
Volume24
Issue number5
DOIs
Publication statusPublished - 1 Jan 2003

Keywords

  • An input-output (I-O) model
  • Convension
  • Multiplier
  • Substitution effect

ASJC Scopus subject areas

  • Development
  • Transportation
  • Tourism, Leisure and Hospitality Management
  • Strategy and Management

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