dc.contributor.author | Dwyer, Larry | |
dc.date.accessioned | 2017-05-26T02:43:02Z | |
dc.date.available | 2017-05-26T02:43:02Z | |
dc.date.issued | 2015 | |
dc.identifier.issn | 1330-7533 | |
dc.identifier.doi | 10.20867/thm.21.2.1 | |
dc.identifier.uri | http://hdl.handle.net/10072/101776 | |
dc.description.abstract | Purpose – Economic impact analysis in tourism has recently undergone a profound change in
approach. In contrast to earlier emphasis on input-output (I-O) models, computable general
equilibrium (CGE) models, are being used worldwide to estimate the resulting net
macroeconomic and industry effects and for tourism policy analysis. The purpose of this paper is
to provide an overview of the role that computable general equilibrium modelling is playing and
can play in estimating the economic impacts of tourism shocks and in tourism policy formulation
and implementation by destination managers.
Design – The study discusses the nature of CGE modelling to project the economic impacts of
tourism demand shocks, comparing its advantages over standard I-O analysis. It then identifies
several studies where CGE analysis provides insights to tourism researchers that could not be
revealed using the standard I-O technique. The importance of CGE analysis for tourism policy
analysis is highlighted
Methodology and Approach – The study reviews important contributions to CGE modelling in
tourism contexts, including many of the authors publications
Findings – The paper discusses applications of CGE modelling to tourism, identifying several
areas where tourism analysis and policy have been suitably informed as a result of such
modelling. Particular insights that CGE modelling has brought to tourism planning, forecasting
and policy analysis are identified.
Originality of the research – Due to its technical nature, tourism researchers are generally
unaware of the advantages of CGE modelling compared to standard economic impact analysis
using I-O models. This study identifies and discuss the key reasons why CGE modelling should
be accorded greater attention by governments and their agencies, consultants and researchers
associated with tourism analysis and policy. | |
dc.description.peerreviewed | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | University of Rueka | |
dc.relation.ispartofpagefrom | 111 | |
dc.relation.ispartofpageto | 126 | |
dc.relation.ispartofissue | 2 | |
dc.relation.ispartofjournal | Tourism and Hospitality Management | |
dc.relation.ispartofvolume | 21 | |
dc.subject.fieldofresearch | Tourism not elsewhere classified | |
dc.subject.fieldofresearchcode | 350899 | |
dc.title | Computable general equilibrium modelling: An important tool for tourism policy analysis | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
dcterms.license | https://creativecommons.org/licenses/by-nc-sa/4.0/ | |
dc.description.version | Version of Record (VoR) | |
gro.faculty | Griffith Business School, Griffith Institute For Tourism | |
gro.rights.copyright | © The Author(s) 2015. This is an Open Access article distributed under the terms of the Creative Commons Attribution-Non Commercial – Share Alike 4.0 International (CC BY-NC-SA 4.0) License (https://creativecommons.org/licenses/by-nc-sa/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited. If you alter, transform, or build upon this work, you may distribute the resulting work only under a licence identical to this one. | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Dwyer, Larry | |