Applicability of economic models in estimating tourism impacts
In many countries, tourism is perceived as a tool to generate income and employment to a country and local economy. Therefore, many researchers attempt to estimate the economic impacts of tourism through different kind of methods. Economic impact studies can be carried out using primary or seconda...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Education and Novel Technology Research Association
2013
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/30741/1/Applicability%20of%20economic%20models%20in%20estimating%20tourism%20impacts.pdf http://psasir.upm.edu.my/id/eprint/30741/ http://www.aebjournal.org/vol0104.php |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | In many countries, tourism is perceived as a tool to generate income and employment to a country and
local economy. Therefore, many researchers attempt to estimate the economic impacts of tourism
through different kind of methods. Economic impact studies can be carried out using primary or secondary data.
However, there is no universally accepted model to estimate
the economic impact because different models give different results based on the interest of the researchers. The objective of this paper is to discuss the strengths,
weaknesses, and the applicability of four commonly
techniques used in estimating economic impacts of tourism:
Input-output model, Social Accounting Matrix, Computable General Equilibrium, and Tourism Satellite Account.
Subsequently, the justification of choosing
an appropriate model in estimating the economic impacts of tourism is discussed. |
|---|