Estimating the economic impact of a mega-event on host and neighbouring regions Academic Article

abstract

• 2015 Taylor & Francis. Although mega-events impact the host region, as well as, neighbouring regions, geographical distribution of the economic impact of mega-events is mostly neglected in the literature. To address this gap, this study estimated the economic impact of the Expo 2012 Yeosu Korea (BIE International Expo) on the host and neighbouring regions using a regional inputoutput model. Results indicate that visitors to the Yeosu Expo spent US$388 million in the host region and $105 million in the neighbouring regions. These expenditures generated $658 million in output impact, $162 million in income impact, $361 million in value-added impact, and 19,029 added jobs. Findings suggest that approximately 80% of the impacts are generated in the host region and 20% experienced by the neighbouring regions. The distribution of economic impacts between the host and neighbouring regions should be considered when discussing mega-event impacts.

authors

• Mjelde, James

published proceedings

• LEISURE STUDIES

altmetric score

• 7.6

author list (cited authors)

• Lee, C., Mjelde, J. W., & Kwon, Y. J.

citation count

• 23

complete list of authors

• Lee, Choong-Ki||Mjelde, James W||Kwon, Younghyun J

publication date

• January 2017

publisher

• Taylor & Francis  Publisher

published in

• Leisure Studies  Journal

keywords

• Economic Impact
• Host Region
• Mega-event
• Neighbouring Region
• Regional Input-output Model

Digital Object Identifier (DOI)

• 10.1080/02614367.2015.1040828

start page

• 138

end page

• 152

volume

• 36

issue

• 1

URL

• http%3A%2F%2Fdx.doi.org%2F10.1080%2F02614367.2015.1040828