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Applicability of economic models in estimating tourism impacts


Chia, Kei Wei and Shuib, Ahmad and Ramachandran, Sridar and Mohammad Afandi, Syamsul Herman (2013) Applicability of economic models in estimating tourism impacts. Journal of Applied Economics and Business, 1 (4). pp. 5-16. ISSN 1857-8721


In many countries, tourism is perceived as a tool to generate income and employment to a country and local economy. Therefore, many researchers attempt to estimate the economic impacts of tourism through different kind of methods. Economic impact studies can be carried out using primary or secondary data. However, there is no universally accepted model to estimate the economic impact because different models give different results based on the interest of the researchers. The objective of this paper is to discuss the strengths, weaknesses, and the applicability of four commonly techniques used in estimating economic impacts of tourism: Input-output model, Social Accounting Matrix, Computable General Equilibrium, and Tourism Satellite Account. Subsequently, the justification of choosing an appropriate model in estimating the economic impacts of tourism is discussed.

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Additional Metadata

Item Type: Article
Divisions: Institute of Agricultural and Food Policy Studies
Publisher: Education and Novel Technology Research Association
Keywords: Economic impact; Input-output models; Social accounting matrix; Computable general Equilibrium; Tourism satellite account
Depositing User: Khairil Ridzuan Khahirullah
Date Deposited: 06 Feb 2015 03:58
Last Modified: 11 Sep 2015 00:50
URI: http://psasir.upm.edu.my/id/eprint/30741
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