Evaluating Tourism's Economic Effects: Comparison of Different Approaches

Kumar, Jeetesh; Hussain, Kashif

doi:10.1016/j.sbspro.2014.07.305

Cited by 34 publications

(24 citation statements)

References 19 publications

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“…An overview and comparison of different models (input-output models, Keynesian models, exports base models, computable general equilibrium models, ad hoc models and money generation model) for evaluation economic impact of tourism to the overall economy was performed by Kumar and Hussain (Kumar and Hussain 2014). According to authors, computable general equilibrium model and money generation model are considered as major models for analyzing economic effect of tourism, because those methods provide a wider analysis of the impact of various changes in the economy than other methods.…”

Section: Literature Reviewmentioning

confidence: 99%

Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Mikulić¹,

Keček²,

Hrustek³

2017

Tourism in Southern and Eastern Europe

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Purpose -The purpose of the paper is to estimate of overall impact of foreign tourist demand on the Croatian output, gross value added and employment. Methodology -The direct, indirect and induced effects of the consumption of foreign tourists to the overall Croatian economy are based on input-output model. Open input-output model was used to calculate the direct and indirect effects of the expenditures of foreign tourists, while the closed input-output model was used to analyze induced effects. Findings -Expenditures of the foreign tourists in the recession period 2009-2014 significantly reduced the overall negative impact of recession. Decrease in gross value added and employment without increased competitiveness of Croatian tourism would be more significant and the level of Croatian real GDP would be even lower than recorded. Besides hotel and restaurant sector, indirect and induced impact of foreign tourist demand is significant for food production, personal services and trade. Originality of the research -The originality and the contribution of the paper is methodological development of model which measure relation of tourist demand and overall macroeconomic performance of an economy. The empirical contribution is calculation of direct, indirect and induced effects of foreign tourists expenditures based on the updated input-output coefficients. The results could be of interest for academic and general public because they provide overall assessment of contribution of tourism industry in Croatia based on the sound methodological framework.

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Section: Literature Reviewmentioning

confidence: 99%

Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Mikulić¹,

Keček²,

Hrustek³

2017

Tourism in Southern and Eastern Europe

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“…Methods include expert judgment, surveys, off-the-shelf multipliers and econometric models. Kumar and Hussain (2014) explain that the decision on multiplier methods and models to use is based on precision expected, data availability, complexity of technique and assumptions underpinning the analysis.…”

Section: Tourism Economic Impact Analysismentioning

confidence: 99%

Total Economic Impact of Tourism on Rwanda s Economy and Its Linkages with Other Sectors of the Economy

Odunga¹,

Manyara²,

Mark³

2019

ojtmr

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Measurement of tourism economic impacts is important in monitoring progress towards meeting planned socioeconomic goals. However, there has been insufficient attention to rigorous analysis of ramifications of tourism beyond accounting for initial impacts. Labour income, output and value added multipliers indicate that tourism has strong linkages with service sectors while employment multiplier indicates robust linkages with agriculture. The current study aimed to evaluate the economic impacts of tourism on Rwanda's economy. Results indicate that internal tourism demand created 29% of all jobs, generated 9.7% of labour incomes, 11.1% of total value addition and 12% of national output in 2014. Therefore, increasing internal tourism demand in Rwanda will lead to higher labour income, increased output and value addition and higher employment in agriculture and other associated sectors. This study shed lights on predominantly informal sector of Rwanda's economy especially with respect to the domestic tourism market.

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“…The literature indicates that mega-events are unique events that tend to have profound long-term effectsboth positive and negative-on host cities, which results in significant economic, cultural, and political impacts (Cho & Bairner, 2012;Dansero & Puttilli, 2010;Davies, 2012;Porter & Fletcher, 2008;Preuss & Solberg, 2006). These events can also promote the identity of a city or region on a global scale (Essex & Chalkley, 2010;Bull & Lovell, 2007;Chalip & Costa, 2005), shape world tourism standards (Fourie & Santana-Gallego, 2011), stimulate economic growth (Dwyer, Forsyth, & Spurr, 2004), build social capital (Gibson et al, 2014), and change the quality of life and well-being of residents (Kaplanidou, 2012;Kaplanidou et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

Residents’ Perceptions of the Impacts of the Rio 2016 Olympic Games: Before, During and After the Mega-Event

Zouain

Lohmann

Cardoso

et al. 2019

RBTUR

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This study investigates the residents’ perceptions of Rio de Janeiro regarding the impacts of Rio 2016 Olympic Games. For the first time, a country in South America was chosen to host this megaevent, being a great opportunity to track residents’ perception and cover a gap in longitudinal studies involving residents in developing countries and its impacts on the host city. A face-to-face quantitative survey was conducted over three years, with a total of 1,211 interviewees in the city of Rio de Janeiro. The population perceived positively mainly an improvement in urban mobility and an increase in tourism; but, negatively, the misuse of public resources, increase in prices, and non-lasting legacies that critically affected the image of the destination post-Olympics.

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Evaluating Tourism's Economic Effects: Comparison of Different Approaches

Cited by 34 publications

References 19 publications

Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Total Economic Impact of Tourism on Rwanda s Economy and Its Linkages with Other Sectors of the Economy

Residents’ Perceptions of the Impacts of the Rio 2016 Olympic Games: Before, During and After the Mega-Event

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