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Research Report: Evaluating Short-Term Tourism Economic Effects in Confined Economies – Conceptual and Empirical Considerations

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  • Robertico R. Croes
  • Denver E. Severt

Abstract

Given the necessary involvement of government with the tourism product, accountability for government's expenditures of tax dollars is of increasing importance. This paper discusses the literature for three types of analyses that governments can use to ascertain the effectiveness of their spending of tax dollars to promote a tourism destination. The shortcomings and benefits for each method are discussed. Conclusions based on the type of method chosen require that the user understand the specific context, time horizon and their need for the study. For the case study presented in this paper, the context of a confined area, the time horizon of short-term and the need of finding out the economic impact of tourism for Kissimmee/ St Cloud, the I–O/SAM method is deemed optimal. A case study of Kissimmee/St Cloud, along with the results of the economic impact, is presented. Results of the study show that taxpayers are receiving a substantial return on their tax investment for the tax dollars spent.

Suggested Citation

  • Robertico R. Croes & Denver E. Severt, 2007. "Research Report: Evaluating Short-Term Tourism Economic Effects in Confined Economies – Conceptual and Empirical Considerations," Tourism Economics, , vol. 13(2), pages 289-307, June.
    • Handle: RePEc:sae:toueco:v:13:y:2007:i:2:p:289-307
    DOI: 10.5367/000000007780823140
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    References listed on IDEAS

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    1. Sandler,Todd, 2001. "Economic Concepts for the Social Sciences," Cambridge Books, Cambridge University Press, number 9780521792622, September.
    2. M. Thea Sinclair, 1997. "Tourism and Economic Development: A Survey," Studies in Economics 9703, School of Economics, University of Kent.
    3. Sandler,Todd, 2001. "Economic Concepts for the Social Sciences," Cambridge Books, Cambridge University Press, number 9780521796774, September.
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    2. Mayer Marius & Vogt Luisa, 2016. "Economic effects of tourism and its influencing factors: An overview focusing on the spending determinants of visitors," Zeitschrift für Tourismuswissenschaft, De Gruyter, vol. 8(2), pages 169-198, November.
    3. Eric Beckman & Mark Traynor, 2019. "Utilizing trade market analysis to identify the economic impact of a multiday special event in Miami Beach, Florida," Tourism Economics, , vol. 25(2), pages 253-273, March.
    4. Andrés Artal-Tur & José Miguel Navarro-Azorín & José María Ramos-Parreño, 2020. "Measuring the economic contribution of tourism to destinations within an input-output framework: some methodological issues," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 243-265, September.
    5. Pratt, Stephen, 2015. "The economic impact of tourism in SIDS," Annals of Tourism Research, Elsevier, vol. 52(C), pages 148-160.

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