Local festivals may leverage local specialties and various historical, cultural, and artistic resources throughout their respective regions to attract tourists, inducing positive economic impacts. In this study, this paper is a first attempt to analyze the relative efficiency of local festival tourism by using parametric and non-parametric approaches with the data from local festivals held in Korea from 2015 to 2018. We also deal with the efficiency determinants of each typology of festivals by employing a truncated regression with double bootstrapping. Results showed that the leading sources of inefficiency were primarily embedded in pure technology inefficiency, while the principal operational drivers posed different effects depending on the typology of festivals. These insights have important practical implications for the local festival organizing committees and operators in Korea and are helpful in developing tailored operational strategies to maximize the efficiency among different typologies of festivals.

当地的节日可能会利用其各自地区的当地特色菜以及各种历史，文化和艺术资源来吸引游客，从而产生积极的经济影响。在这项研究中，本文是首次尝试使用参数化和非参数化方法，结合2015年至2018年在韩国举行的当地节日的数据来分析当地节日旅游的相对效率。我们还处理了每个节日的效率决定因素通过采用带有双重引导的截断回归来对节日进行分类。结果表明，效率低下的主要根源主要在于纯技术效率低下，而主要的运营动因则取决于节日的类型而产生不同的影响。