A Study On The Relationship Between Exhibition Industry And Trade In Goods

Exhibition industry plays an important part in trade in goods and vice versa. With the entrypoint of trade theory and the combination of development characteristics of exhibition industry,this thesis explores the mutual relationship between exhibition industry and trade in goods, then,analyzes the specific mechanism of their interaction relations. Exhibition industry and trade ingoods rely on common industrial basis, need common traffic conditions and their mutualrelationship only exists when both of them develop to a certain level. Exhibition industry couldimprove the development of trade in goods through technical progress, resource allocation, changein demand and economies of scale. And in turn, trade in goods could improve the development ofexhibition industry by technical progress, resource allocation and change in demand.In order to quantitatively describe the development level of exhibition industry, the thesischooses four indicators such as number of events, number of venues, net exhibition space andindoor exhibition space for Principal Component Analysis and establishes an index to measure theoverall development level of exhibition industry, which is Reality Development Level ofExhibition Industry. Then, the thesis verifies the rationality of Reality Development Level ofExhibition Industry to represent the development of exhibition industry using clusteringmethodology. Based on the previous study, the thesis makes empirical study on the relationshipbetween exhibition industry and total trade in goods, exhibition industry and imports, exhibitionindustry and exports through Principal Component Regression and Quantile Regression. Theresults show that: on one hand, the development of exhibition industry plays an obvious part in thedevelopment of trade. The improvement of exhibition industry could lead to the expansion of trade,and compared with the role of promoting exports, the role of promoting imports are greater. On theother hand, at the present stage, trade seems not influence the development of exhibition industry.But when we subdivide trade into imports and exports, we find that the development of importscould improve the development of exhibition industry and this improvement only exists whenexhibition industry develop to a certain level and will be strengthened with the development ofexhibition industry. Exports have no effects on the development of exhibition industry, which results from that to most cities, exhibition industry is still in the primary stage and its developmentmainly relies on other factors such as political factors like policies, cultural factors and so on.In order to achieve the mutual development of exhibition industry and trade in goods, thethesis puts forward to some recommendations, including: to perfect the government’s macromanagement and planning of exhibition industry; to establish market-oriented operationmechanism; to strengthen the construction of exhibition’s trading function; to promote the stabledevelopment of foreign trade, especially the steady development of imports, etc.