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...
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Education and Novel Technology Research Association
2013
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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 |
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my.upm.eprints.307412015-09-11T00:50:52Z http://psasir.upm.edu.my/id/eprint/30741/ Applicability of economic models in estimating tourism impacts Chia, Kei Wei Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman 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. Education and Novel Technology Research Association 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/30741/1/Applicability%20of%20economic%20models%20in%20estimating%20tourism%20impacts.pdf Chia, Kei Wei and Shuib, Ahmad and Ramachandran, Sridar and Mohammad Afandi, Syamsul Herman (2013) Applicability of economic models in estimating tourism impacts. Journal of Applied Economics and Business, 1 (4). pp. 5-16. ISSN 1857-8721 http://www.aebjournal.org/vol0104.php |
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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. |
format |
Article |
author |
Chia, Kei Wei Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman |
spellingShingle |
Chia, Kei Wei Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman Applicability of economic models in estimating tourism impacts |
author_facet |
Chia, Kei Wei Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman |
author_sort |
Chia, Kei Wei |
title |
Applicability of economic models in estimating tourism impacts |
title_short |
Applicability of economic models in estimating tourism impacts |
title_full |
Applicability of economic models in estimating tourism impacts |
title_fullStr |
Applicability of economic models in estimating tourism impacts |
title_full_unstemmed |
Applicability of economic models in estimating tourism impacts |
title_sort |
applicability of economic models in estimating tourism impacts |
publisher |
Education and Novel Technology Research Association |
publishDate |
2013 |
url |
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 |
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