Abstract: In sharp contrast to the rapid growth of the pavilion area and the number of venues,the utilization rate of the venue resources continued to be low;therefore,it is urgent to discuss whether the construction of large venues can promote the development of the exhibition industry.Based on the dynamic panel data of 79 exhibition cities in China from 2012 to 2018,this paper used the system generalized moment estimation method (SYS-GMM) to make an empirical test and found that:the construction of large venues has a significant positive impact on the development level of exhibition industry,so that large venues can promote the development of China's exhibition industry;the development level of early exhibition industry has a positive impact on the development of the current exhibition industry,showing a characteristic of self-reinforcing development; the characteristics of intensive development,the degree of opening to the outside world and the human resource endowment of the tertiary industry have a positive effect on the development of the exhibition industry,the urban traffic conditions have a negative effect on the development of the exhibition industry,and the significance of the economic development level on the development of the exhibition industry is not stable,which shows that each control variable has different effects on the development of the exhibition industry in China;In terms of different regions,the estimated coefficient of large venues in the eastern region is larger than that in the western region,which means that the construction of large venues in the eastern region is easier to play its exhibition industry development effect,and there are regional differences in the development effect of large venues.In addition,by making a comparison of multiple methods,it was found that SYS-GMM is relatively rigorous to evaluate the effect of large venues construction.

Key words: large venues, development of exhibition industry, SYS-GMM, regional difference, dynamic panel