Expo 2015: an impact analysis on international trade
AbstractIn the last decades an increasing number of countries candidates to host a mega-event. This paper analyze (in the light of Expo Milan will host in 2015) if an exposition impacts in a significant manner on interna-tional trade, justifying countries’ interest in their organization. Based on performed analysis using gravity model, we conclude that a permanent and significant exposition effect exists on host country international trade flows; it involve both an increase of exports and an increase of imports, pointing out a commercial openness of host country; this effect exists also for candidates countries. So, we propose an hypothesis about the nature of exposition impact on international trade: it’s interpretable as a true and proper political and in-stitutional signal with which host country sends a signal to general public of a liberalisation process of its commerce in progress, showing own competences, abilities, means and resources. In the light of results, we point out potentialities and risks of Expo Milan 2015.
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Bibliographic InfoPaper provided by Cattaneo University (LIUC) in its series LIUC Papers in Economics with number 232.
Length: 31 pages
Date of creation: Mar 2010
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-06 (All new papers)
- NEP-INT-2010-08-06 (International Trade)
- NEP-TUR-2010-08-06 (Tourism Economics)
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