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Contrasting the Uses of TSAs and CGE Models: Measuring Tourism Yield and Productivity

Author

Listed:
  • Larry Dwyer

    (Qantas Professor of Travel and Tourism Economics, STCRC Centre for Tourism Economics and Policy Research, University of New South Wales, NSW 2052, Australia)

  • Peter Forsyth

    (Department of Economics and Tourism Research Unit, Monash University, Clayton, Victoria 3800, Australia)

  • Ray Spurr

    (Director, STCRC Centre for Tourism Economics and Policy Research, University of New South Wales, NSW 2052, Australia)

Abstract

Tourism satellite accounts (TSAs) and computable general equilibrium (CGE) models are used increasingly in tourism analysis, though they have distinctly different functions. These are illustrated by means of two examples. The first of these involves developing measures of profitability and productivity of the Australian tourism industry – the national TSA was used to provide the database for this exercise. The second involves measuring the yield of different types of tourists to the tourism industry and the economy as a whole. TSAs provide an appropriate technique to estimate economic yield at the industry level, while the CGE approach is used to estimate the yield to the economy as a whole.

Suggested Citation

  • Larry Dwyer & Peter Forsyth & Ray Spurr, 2007. "Contrasting the Uses of TSAs and CGE Models: Measuring Tourism Yield and Productivity," Tourism Economics, , vol. 13(4), pages 537-551, December.
    • Handle: RePEc:sae:toueco:v:13:y:2007:i:4:p:537-551
    DOI: 10.5367/000000007782696096
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    References listed on IDEAS

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    1. Clemente Polo & Elisabeth Valle, 2008. "A General Equilibrium Assessment of the Impact of a Fall in Tourism Under Alternative Closure Rules: the Case of the Balearic Islands," International Regional Science Review, , vol. 31(1), pages 3-34, January.
    2. Larry Dwyer & Peter Forsyth (ed.), 2006. "International Handbook on the Economics of Tourism," Books, Edward Elgar Publishing, number 2827.
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    1. Fidel Martínez-Roget & Ewa Pawlowska & Xosé A. Rodríguez, 2013. "The Economic Impact of Academic Tourism in Galicia, Spain," Tourism Economics, , vol. 19(5), pages 1139-1153, October.
    2. Jeroen Klijs & Wim Heijman & Diana Korteweg Maris & Jeroen Bryon, 2012. "Criteria for Comparing Economic Impact Models of Tourism," Tourism Economics, , vol. 18(6), pages 1175-1202, December.
    3. Doris Chenguang Wu & Jingyan Liu & Haiyan Song & Anyu Liu & Hui Fu, 2019. "Developing a Web-based regional tourism satellite account (TSA) information system," Tourism Economics, , vol. 25(1), pages 67-84, February.
    4. Jinsoo Park & EuiBeom Jeong, 2019. "Service Quality in Tourism: A Systematic Literature Review and Keyword Network Analysis," Sustainability, MDPI, vol. 11(13), pages 1-21, July.
    5. Pilar Barra & Bartolomé Marco & Cristina Cachero, 2019. "Economic impact of language tourism on mature sun and sand destinations: The case of Alicante (Spain)," Tourism Economics, , vol. 25(6), pages 923-941, September.
    6. David Alaminos & Ana León-Gómez & José Ramón Sánchez-Serrano, 2020. "A DSGE-VAR Analysis for Tourism Development and Sustainable Economic Growth," Sustainability, MDPI, vol. 12(9), pages 1-22, May.
    7. F. Antolini & S. Cesarini & G. Garau, 2023. "The economic impact of the tourism sector on the overall Italian economy: An Input-Output Approach," Working Paper CRENoS 202311, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    8. Liu, Anyu & Wu, Doris Chenguang, 2019. "Tourism productivity and economic growth," Annals of Tourism Research, Elsevier, vol. 76(C), pages 253-265.
    9. Sadyrbek Kozhokulov & Xi Chen & Degang Yang & Gulnura Issanova & Kanat Samarkhanov & Selvina Aliyeva, 2019. "Assessment of Tourism Impact on the Socio-Economic Spheres of the Issyk-Kul Region (Kyrgyzstan)," Sustainability, MDPI, vol. 11(14), pages 1-18, July.
    10. Tsionas, Efthymios G. & George Assaf, A., 2014. "Short-run and long-run performance of international tourism: Evidence from Bayesian dynamic models," Tourism Management, Elsevier, vol. 42(C), pages 22-36.

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