Economic evaluation of special events: Reconciling economic impact and cost–benefit analysis
Author(s)
Dwyer, Larry
Jago, Leo
Forsyth, Peter
Griffith University Author(s)
Year published
2016
Metadata
Show full item recordAbstract
The aims of event assessment are often unclear. Failure to clarify objectives has resulted in a less than satisfactory approach to event evaluation given that the two major approaches, economic impact analysis (EIA) and cost–benefit analysis (CBA), can give conflicting results. Since economic impacts do not equate to net benefits, an important topic for future research should be the issue of reconciling EIA and CBA. An approach is recommended that bridges the gap between EIA and CBA, in a way that has policy relevance for destination managers. Bridging this gap calls forth a host of challenges that must be met by researchers ...
View more >The aims of event assessment are often unclear. Failure to clarify objectives has resulted in a less than satisfactory approach to event evaluation given that the two major approaches, economic impact analysis (EIA) and cost–benefit analysis (CBA), can give conflicting results. Since economic impacts do not equate to net benefits, an important topic for future research should be the issue of reconciling EIA and CBA. An approach is recommended that bridges the gap between EIA and CBA, in a way that has policy relevance for destination managers. Bridging this gap calls forth a host of challenges that must be met by researchers in the future.
View less >
View more >The aims of event assessment are often unclear. Failure to clarify objectives has resulted in a less than satisfactory approach to event evaluation given that the two major approaches, economic impact analysis (EIA) and cost–benefit analysis (CBA), can give conflicting results. Since economic impacts do not equate to net benefits, an important topic for future research should be the issue of reconciling EIA and CBA. An approach is recommended that bridges the gap between EIA and CBA, in a way that has policy relevance for destination managers. Bridging this gap calls forth a host of challenges that must be met by researchers in the future.
View less >
Journal Title
Scandinavian Journal of Hospitality and Tourism
Note
This publication has been entered into Griffith Research Online as an Advanced Online Version.
Subject
Tourism
Tourism not elsewhere classified