Analytical Reflections on the Economic Impact Assessment of Conventions and Special Events

Abstract

Over the past decades, the growth of the convention and event industry has enhanced an awareness of its economic significance to local, state, and national economies. Accordingly, many industry and academic studies have introduced various methods for accurately assessing the direct and indirect economic impacts of conventions and special events. Among them, the input-output (I-O) model is widely used for the economic impact assessments. This article first reviews economic impact studies in the convention and event tourism sector and then discusses issues related to the I-O model framework.

Key Words:

• Economic impact assessment
• conventions and special events
• sporting events
• input-output (I-O) model