The purpose of this study is to analyze the ripple effect of the Korea International Exhibition of Machinery, Equipment, Science & Technology for Agriculture 2010 held in Cheonan on its local economy on the basis of the Input-Output Table issued by Ba...
The purpose of this study is to analyze the ripple effect of the Korea International Exhibition of Machinery, Equipment, Science & Technology for Agriculture 2010 held in Cheonan on its local economy on the basis of the Input-Output Table issued by Bank of Korea in 2005. Much research has been conducted on the analysis of the economic ripple effect of the industrial exhibitions held in special exhibition places like KINTEX. Not many studies other than this study have been conducted to analyze the economic ripple effect of outdoor exhibitions, not indoor ones.
This researcher conducted a survey with the organizers, participant firms, and attendees of the Korea International Exhibition of Machinery, Equipment, Science & Technology for Agriculture. Based on the direct spending data of organizers and on the questionnaire survey with participant firms and attendees, the expenditure was calculated.
According to the analysis on the economic ripple effect on Cheonan, production inducement effect amounted to KRW 31.8 billion, value added inducement effect KRW 12.6 billion, and employment inducement effect 466 people. Therefore, it was proved that such an exhibition was a higher-value added business.