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An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models

Received: 29 September 2018     Accepted: 16 October 2018     Published: 1 November 2018
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Abstract

In the field of event activities, the study on the economic impact of MICE is relatively weak compared to sports activities. How to integrate all the industries and regions related to the MICE to avoid distortion and leakage is one of the difficulties in the study of the economy impact of the MICE. This study is the first time to use the interregional input-output model (IRI0) to calculate the intraregional and interregional influence power of the MICE industry in 30 provinces by merging the 12 industrial sectors that related to MICE. Taking the Canton Fair as a case, we have an empirical analysis of the indirect economic impact of the MICE. The research results show that China's MICE industry has a strong pulling effect on the national economy, and almost all regions will have a mutual diffusion effect. As for total output, the influence power of the MICE industry shows obvious differences in the East Coast and Midwest. There is still room for development in China's MICE industry. Case studies show that the indirect economic impact of the 104th Canton Fair is about 16.243 billion yuan (the highest proportion in Guangdong, 35.09%), the ratio of direct and indirect impact is 1:2.94, five industrial sectors such as wholesale and retail trade affected by the Canton Fair, the total proportion is 77%.

Published in American Journal of Management Science and Engineering (Volume 3, Issue 5)
DOI 10.11648/j.ajmse.20180305.12
Page(s) 44-52
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

MICE Industry, China, Indirect Economic Impact, Interregional Input-Output Model (IRIO), Canton Fair

References
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[16] Zhang Yaxiong, Zhao Kun. The impact of Beijing Olympic-related investments on regional economic growth of China: interregional input-output approach [J]. Economic Research Journal, 2008, (3): 4-15.
[17] Shi Minjun, Zhang Zhuoying, et al. China Interregional Input-output Model and Interregional Economic Ties [M]. Beijing: Beijing Science Press, 2012.20; 59-60;61.
[18] Solberg H A, Andersson T D, Shibli S. An exploration of the direct economic impacts from business travelers at world championships [J]. Event Management, 2002, 7(3):151-164.
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Cite This Article
  • APA Style

    Li Tiecheng, Liu Li, Wu Namei. (2018). An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models. American Journal of Management Science and Engineering, 3(5), 44-52. https://doi.org/10.11648/j.ajmse.20180305.12

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    ACS Style

    Li Tiecheng; Liu Li; Wu Namei. An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models. Am. J. Manag. Sci. Eng. 2018, 3(5), 44-52. doi: 10.11648/j.ajmse.20180305.12

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    AMA Style

    Li Tiecheng, Liu Li, Wu Namei. An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models. Am J Manag Sci Eng. 2018;3(5):44-52. doi: 10.11648/j.ajmse.20180305.12

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  • @article{10.11648/j.ajmse.20180305.12,
      author = {Li Tiecheng and Liu Li and Wu Namei},
      title = {An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models},
      journal = {American Journal of Management Science and Engineering},
      volume = {3},
      number = {5},
      pages = {44-52},
      doi = {10.11648/j.ajmse.20180305.12},
      url = {https://doi.org/10.11648/j.ajmse.20180305.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20180305.12},
      abstract = {In the field of event activities, the study on the economic impact of MICE is relatively weak compared to sports activities. How to integrate all the industries and regions related to the MICE to avoid distortion and leakage is one of the difficulties in the study of the economy impact of the MICE. This study is the first time to use the interregional input-output model (IRI0) to calculate the intraregional and interregional influence power of the MICE industry in 30 provinces by merging the 12 industrial sectors that related to MICE. Taking the Canton Fair as a case, we have an empirical analysis of the indirect economic impact of the MICE. The research results show that China's MICE industry has a strong pulling effect on the national economy, and almost all regions will have a mutual diffusion effect. As for total output, the influence power of the MICE industry shows obvious differences in the East Coast and Midwest. There is still room for development in China's MICE industry. Case studies show that the indirect economic impact of the 104th Canton Fair is about 16.243 billion yuan (the highest proportion in Guangdong, 35.09%), the ratio of direct and indirect impact is 1:2.94, five industrial sectors such as wholesale and retail trade affected by the Canton Fair, the total proportion is 77%.},
     year = {2018}
    }
    

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  • TY  - JOUR
    T1  - An Empirical Study of the Economic Impact of the MICE Industry in China Using Interregional Input-output Models
    AU  - Li Tiecheng
    AU  - Liu Li
    AU  - Wu Namei
    Y1  - 2018/11/01
    PY  - 2018
    N1  - https://doi.org/10.11648/j.ajmse.20180305.12
    DO  - 10.11648/j.ajmse.20180305.12
    T2  - American Journal of Management Science and Engineering
    JF  - American Journal of Management Science and Engineering
    JO  - American Journal of Management Science and Engineering
    SP  - 44
    EP  - 52
    PB  - Science Publishing Group
    SN  - 2575-1379
    UR  - https://doi.org/10.11648/j.ajmse.20180305.12
    AB  - In the field of event activities, the study on the economic impact of MICE is relatively weak compared to sports activities. How to integrate all the industries and regions related to the MICE to avoid distortion and leakage is one of the difficulties in the study of the economy impact of the MICE. This study is the first time to use the interregional input-output model (IRI0) to calculate the intraregional and interregional influence power of the MICE industry in 30 provinces by merging the 12 industrial sectors that related to MICE. Taking the Canton Fair as a case, we have an empirical analysis of the indirect economic impact of the MICE. The research results show that China's MICE industry has a strong pulling effect on the national economy, and almost all regions will have a mutual diffusion effect. As for total output, the influence power of the MICE industry shows obvious differences in the East Coast and Midwest. There is still room for development in China's MICE industry. Case studies show that the indirect economic impact of the 104th Canton Fair is about 16.243 billion yuan (the highest proportion in Guangdong, 35.09%), the ratio of direct and indirect impact is 1:2.94, five industrial sectors such as wholesale and retail trade affected by the Canton Fair, the total proportion is 77%.
    VL  - 3
    IS  - 5
    ER  - 

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Author Information
  • South China Business College, Guangdong University of Foreign Studies, Guangzhou, China

  • International Economics and Trade College, Guangdong University of Foreign Studies, Guangzhou, China

  • South China Business College, Guangdong University of Foreign Studies, Guangzhou, China

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