Convention industry in South Korea: An economic impact analysis

Seong Seop Kim; Kaye Kye Sung Chon; Kyu Yoop Chung

doi:10.1016/S0261-5177(03)00006-2

Convention industry in South Korea: An economic impact analysis

Seong Seop Kim, Kaye Kye Sung Chon, Kyu Yoop Chung

Research output: Journal article publication › Journal article › Academic research › peer-review

101 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 language	English
Pages (from-to)	533-541
Number of pages	9
Journal	Tourism Management
Volume	24
Issue number	5
DOIs	https://doi.org/10.1016/S0261-5177(03)00006-2
Publication status	Published - 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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10.1016/S0261-5177(03)00006-2

Cite this

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AB - 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.

KW - An input-output (I-O) model

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Convention industry in South Korea: An economic impact analysis

Abstract

Keywords

ASJC Scopus subject areas

More information

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