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Full-Text Articles in Regional Economics
Sports Tourism In Rural Communities: Small Events, Big Impacts, Simone Silva
Sports Tourism In Rural Communities: Small Events, Big Impacts, Simone Silva
Journal of Tourism Insights
While the literature supports sports tourism as an effective economic development strategy, small to medium-sized rural communities often do not have the resources to promote mega sports events. This paper presents estimates of the 44th Annual Racer Roundup College Rodeo’s economic impact. In addition to providing a case study of a relatively minor event, the aimed contribution is twofold: it offers solutions to typical challenges faced when estimating smaller-scale events’ economic impacts, and it suggests a simple way to obtain benchmark values for the magnitude of the results. Evidence suggests that the total output generated, given the cost to …
Economic Impact Of Small Scale Event To The Local Economy: Case Of Canfield Fair, Sungsoo Kim, James Dombrosky
Economic Impact Of Small Scale Event To The Local Economy: Case Of Canfield Fair, Sungsoo Kim, James Dombrosky
Journal of Tourism Insights
This study examines the economic contribution of the Canfield Fair on the local community. The fair accounted for $13,419,332 in new money generated in the local economy and total expenditures of $16,874,927. Out of this total, $9,578,936 was generated from out-of-town visitors, versus $7,295,991 from local attendees. The initial amount of $9,578,936 spent by visitors created direct, indirect, and induced impacts within the local economy. The direct effect of this spending as estimated by an IMPLAN input/output model was $8,166,956, with $2,880,940 and $2,371,436 as indirect and induced impacts respectively, for a total aggregate effect on local earnings of $13,419,332.