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Journal of Applied Sciences
  Year: 2013 | Volume: 13 | Issue: 4 | Page No.: 546-554
DOI: 10.3923/jas.2013.546.554
An Analysis on the Economical Ripple Effects of Sports Events Held by Local Authorities Using Inter-industry Relation Analysis
Jin-Kee Park

Abstract:
This study aims to analyze the economic ripple effect of a sport event on the city that hosts the event using the Simple Location Quotient method (SLQ) and an inter-regional-industry relation table. The SLQ is one of the most widely used economic base analysis methods, which compares the local economy indices to those of a reference site to identify specializations in the local economy. For this analysis, this paper investigates the expenditures of the participants on a youth soccer tournament hosted by the city of Gyeongju, South Korea using an interview method. The results of the analysis show that the sport event has contributed tens of millions of US dollars to the regional economy. In addition, the value added to the city consists of the wages of the employees, the business surplus, the consumption of fixed capital and the net production cost. Also this paper provides a few important implications on the method used to investigate the economic ripple effect including choices of survey subjects and economic matrices.
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How to cite this article:

Jin-Kee Park , 2013. An Analysis on the Economical Ripple Effects of Sports Events Held by Local Authorities Using Inter-industry Relation Analysis. Journal of Applied Sciences, 13: 546-554.

DOI: 10.3923/jas.2013.546.554

URL: http://scialert.net/abstract/?doi=jas.2013.546.554

 
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