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

Li Tiecheng; Liu Li; Wu Namei

doi:doi:10.11648/j.ajmse.20180305.12

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

Li Tiecheng, Liu Li, Wu Namei

Published in American Journal of Management Science and Engineering (Volume 3, Issue 5)

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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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

Li Tiecheng

South China Business College, Guangdong University of Foreign Studies, Guangzhou, China
Liu Li

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

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

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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

Copy | Download

@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}
}

Copy | Download

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  -

Copy | Download