A Study of the Feasibility of Regional Specialized Conventions Using the Regional I-O Model

Abstract

The project to promote regionally specialized conventions, which began in 2012 to create MICE demand in connection with local industries and foster world-class convention events, has been suspended since 2020 due to COVID-19. In the meantime, it has contributed to resolving the problem of biases in the metropolitan area. However, even though the effect of the supported events on the local industry should be maximized, the weight for indicators contributing to the local industry was insufficient. Therefore, the feasibility of each event was analyzed in terms of its effect on the local economy. Thus, based on the integrated interim classification calculation table of the Bank of Korea’s 2015 regional industry linkage table (2020), an analysis was conducted focusing on the production inducement multiplier in the field of regionally specialized conventions. As a result of the analysis, events that lack connectivity with local industries were found. Possibility has been raised as another means of verifying industry contribution in the future.