Economics of tourism investment in data scarce countries

Banerjee, Onil; Cicowiez, Martín; Cotta, Jamie

doi:10.1016/j.annals.2016.06.001

Cited by 25 publications

(35 citation statements)

References 4 publications

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“…Table 3 trends, while private investment tends toward decline. This is a characteristic outcome of a sudden increase in government investment, as it tends to temporarily crowd out private investment during the period of accelerated public investment (Banerjee et al, 2016b, Dwyer et al, 2006). Table 3.…”

Section: Dcge Model Resultsmentioning

confidence: 99%

“…Ex-ante economic impact analysis with DCGE models has been undertaken for public investments in the forestry (Banerjee et al, 2016a) and tourism sectors (Banerjee et al, 2015, Banerjee et al, 2016b, Taylor, 2010, Taylor and Filipski, 2014. Indeed, DCGE analysis can be applied across a broad range of economic sectors where large public investments are concerned and inter-sectoral linkages are important.…”

Section: Dynamic Computable General Equilibrium Analysismentioning

confidence: 99%

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Reconciliation Once and for All: Economic Impact Evaluation and Social Cost Benefit Analysis

Banerjee¹,

Cicowiez²,

Moreda³

2017

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Section: Dcge Model Resultsmentioning

confidence: 99%

Section: Dynamic Computable General Equilibrium Analysismentioning

confidence: 99%

Reconciliation Once and for All: Economic Impact Evaluation and Social Cost Benefit Analysis

Banerjee¹,

Cicowiez²,

Moreda³

2017

Self Cite

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“…Table 2 shows a stylized version of the outcome of this step and Table A.1 in Annex A shows an example for Guatemala. 4 The interested reader can turn to Banerjee, Cicowiez, & Cotta (2016a) for steps in constructing a macro SAM, 5 This was the case with Guatemalan data availability. Source: Authors' own elaboration.…”

Section: Macro Sammentioning

confidence: 99%

Construction of An Extended Environmental and Economic Social Accounting Matrix from A Practitioner's Perspective

Banerjee¹,

Cicowiez²,

Vargas³

et al. 2019

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In 2014, the United Nations published the first International Standard for environmentaleconomic statistics, known as the System of Environmental-Economic Accounting (SEEA).. As more countries adopt and implement the SEEA, the availability of consistent environmental and economic information increases the need for analytical tools that can use this data to respond to policy relevant questions. In this paper, we present a workflow to develop an environmentallyextended social accounting matrix, which can serve as the basic database for the development of environmentally-extended computable general equilibrium models. To illustrate, and given its comprehensive implementation of the SEEA, we apply this workflow to the Guatemalan case and the Integrated Economic-Environmental Modeling (IEEM) Platform.

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“…Ex ante economic impact analysis with CGE models has been applied to public investments in the forestry (Banerjee & Alavalapati, 2014;Banerjee et al, 2016aBanerjee et al, , 2019 and tourism sectors (Taylor, 2010;Taylor & Filipski, 2014;UNWTO, 2014;Banerjee et al, 2015Banerjee et al, , 2016bBanerjee et al, , 2018. Indeed, CGE analysis can be applied across a broad range of economic sectors where large public investments are concerned and intersectoral linkages are important.…”

Section: Cge Analysismentioning

confidence: 99%

“…The CGE model developed in Banerjee et al (2015Banerjee et al ( , 2016b and described in subsection 2.1.1 is calibrated with a new SAM for Uruguay with a base year of 2013 (Cicowiez, 2016). The CGE is applied to the ex ante economic analysis of a US$6.25 million public investment in tourism.…”

Section: Integration Of Cge and Cba: An Application To Uruguaymentioning

confidence: 99%

Evaluating the Economic Viability of Public Investments in Tourism

Banerjee¹,

Cicowiez

Moreda

2019

J. Benefit Cost Anal.

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Various methods have been applied to evaluating the economic viability of public investments in tourism. In this article, we capitalize on the strengths of computable general equilibrium and cost-benefit analytical techniques and develop an integrated approach to evaluating public investments in tourism. We apply the approach to the evaluation of a US$6.25 million investment in tourism in Uruguay from the perspective of a multilateral development bank and a beneficiary government. These perspectives differ in a cost-benefit analysis (CBA) due to the timing of the costs incurred. The integrated approach is powerful in that it captures first and subsequent rounds of investment impacts of benefits and costs; resource diversion and constraints are accounted for, and the estimation of benefits is consistent with the welfare economics underpinnings of CBA.

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Economics of tourism investment in data scarce countries

Cited by 25 publications

References 4 publications

Reconciliation Once and for All: Economic Impact Evaluation and Social Cost Benefit Analysis

Reconciliation Once and for All: Economic Impact Evaluation and Social Cost Benefit Analysis

Construction of An Extended Environmental and Economic Social Accounting Matrix from A Practitioner's Perspective

Evaluating the Economic Viability of Public Investments in Tourism

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