Predicted economic impact analysis of a mega-convention using multiplier effects

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20 Citations (Scopus)

Abstract

This study's main objective is to estimate the economic impact of a mega-convention, including an exhibition that is scheduled to be held in May 2016 in Korea. This study uses the multiplier effect of an input-output model to estimate the economic impact of hosting the convention. To compute the mega-convention's total expenditures, four sources are considered: conference hosts, exhibition host, exhibitors, and foreign attendees. The total expenditures by the four sources generate US$70.2 million. The total convention receipts of US$70.2 million produce US$132.8 million in output, 1,320 full-time-equivalent jobs, US$23.9 million in personal income for residents, US$58.4 million in value added, US$8.1 million in indirect tax, and US$11.1 million in imports.
Original languageEnglish
Pages (from-to)42-61
Number of pages20
JournalJournal of Convention and Event Tourism
Volume11
Issue number1
DOIs
Publication statusPublished - 1 Jan 2010

Keywords

  • Convention industry
  • Economic impact
  • Expenditure
  • Input-output model
  • Multiplier

ASJC Scopus subject areas

  • Tourism, Leisure and Hospitality Management

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