Abstract

MICE tourism has grown into an important economic sector in many places, and it is quite easy to understand the relevancy of estimating the economic impact of business tourists on the local and regional economies. Several industrial and academic researches has mentioned many methods for economic impact studies (direct, indirect and induced impacts) of the conference - MICE tourism related events. Of these, the input-output (I-O) model and general equilibrium models (REMI and REM II) are widely used for the economic impact assessments. The current paper will review economic impact studies in the c conference - MICE tourism related events and then discusses the issues related to the I-O model and general equilibrium models framework

Highlights

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  • an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0

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Summary

Introduction

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Economic Impact Assessment
Economic Impact Assessment Models
Industry Data – Statistics
Input – Output Models
General Equilibrium Models
Discussion
Conclusion
Full Text
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