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The Economic Characteristics and Impact of the Convention Industry

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2009, 33(6), pp.303-317
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

한진영 1

1관동대학교

Accredited

ABSTRACT

Previous researches on the economic impact of convention industry tend to overestimate the effect by double counting the demand and supply side. In order to have a better estimation of the economic impact, the study conceptualizes economic characteristics of the convention industry and examines three different ways of estimating the economic impact: Cost- Benefit Analysis, Multiplier Analysis, and Input-Output Analysis. Results show that the dimension of convention as an industry differed from related industries in terms of its structural aspect. Also, the most proper way of impact of convention industry could be inferred from using Input-Output Analysis Model. In conclusion, this study emphasizes the necessity of separating convention industry as an independent industry in the industrial interdependence table.

Citation status

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