Regional Input-Output Analysis of A Mega-Event: Possible Impact of EXPO on Izmir Economy

Osman Aydoğuş, Çağaçan Değer, Elif Tunalı Çalışkan and Gülçin Gürel Günal

MPRA Paper from University Library of Munich, Germany

Abstract: Izmir has lost the bid for EXPO 2020. Izmir’s expectations were high, but to the best information of the authors, these expectations were never systematically quantified. This article quantifies the expected expenditures related to a mega event in Izmir due to i) additional hotel constructions, and, ii) arrival of foreign visitors. Then, the effects of these additional expenditures on regional economy are examined through a closed regional I-O model, where closure is due to endogenized consumption expenditures. The calculations are based on a regional I-O table of İzmir, available from İzmir Regional Development Agency IZKA. It is observed that constructions related to a mega event require considerable recycling imports, due to scrap metal dependency of metal production.

Keywords: EXPO; Mega-Events; Regional Economic Analysis; Input-Output Tables; Impact Analysis (search for similar items in EconPapers)
JEL-codes: C63 L83 R12 R15 (search for similar items in EconPapers)
Date: 2015-07-01
New Economics Papers: this item is included in nep-cwa, nep-hme and nep-ure
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Published in Anadolu University Journal of Social Sciences 2.15(2015): pp. 75-83

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65547

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