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Criteria for Comparing Economic Impact Models of Tourism

Criteria for Comparing Economic Impact Models of Tourism There are substantial differences between models of the economic impacts of tourism. Not only do the nature and precision of results vary, but data demands, complexity and underlying assumptions also differ. Often, it is not clear whether the models chosen are appropriate for the specific situation to which they are applied. The goal of this article is to provide an overview and evaluation of criteria for the selection of economic impact models. A literature review produced 52 potential criteria, subdivided into 10 groups. Based on an analysis of experts' opinions, the perceived importance of each criterion was determined and a set of essential criteria created. To illustrate the usage of these essential criteria, five models (export base, Keynesian, ad hoc, input–output and computable general equilibrium) were evaluated and compared based on their performance on these criteria. This paper builds on the existing literature by showing that it is possible to make a more informed choice among economic impact models of tourism. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Tourism Economics SAGE

Criteria for Comparing Economic Impact Models of Tourism

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References (50)

Publisher
SAGE
Copyright
© 2012 SAGE Publications
ISSN
1354-8166
eISSN
2044-0375
DOI
10.5367/te.2012.0172
Publisher site
See Article on Publisher Site

Abstract

There are substantial differences between models of the economic impacts of tourism. Not only do the nature and precision of results vary, but data demands, complexity and underlying assumptions also differ. Often, it is not clear whether the models chosen are appropriate for the specific situation to which they are applied. The goal of this article is to provide an overview and evaluation of criteria for the selection of economic impact models. A literature review produced 52 potential criteria, subdivided into 10 groups. Based on an analysis of experts' opinions, the perceived importance of each criterion was determined and a set of essential criteria created. To illustrate the usage of these essential criteria, five models (export base, Keynesian, ad hoc, input–output and computable general equilibrium) were evaluated and compared based on their performance on these criteria. This paper builds on the existing literature by showing that it is possible to make a more informed choice among economic impact models of tourism.

Journal

Tourism EconomicsSAGE

Published: Dec 1, 2012

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