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The Dynamics of Tourism's Economic Impact

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  • Adam Blake

Abstract

When considering the economic impact of tourism, it is common to model tourism expenditures in a static model, providing the impact that tourism spending would have if its effects were contained in a single year. This confuses two features; first, that any change in tourism spending has a time dimension and, second, it ignores changes that may occur in years after the change in spending has taken place, or that occur prior to it if the spending is anticipated. This paper uses a dynamic CGE model to examine these effects, providing comparisons between anticipated and unanticipated tourism booms.

Suggested Citation

  • Adam Blake, 2009. "The Dynamics of Tourism's Economic Impact," Tourism Economics, , vol. 15(3), pages 615-628, September.
    • Handle: RePEc:sae:toueco:v:15:y:2009:i:3:p:615-628
    DOI: 10.5367/000000009789036576
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    References listed on IDEAS

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    1. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
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    Cited by:

    1. Niccolò Comerio & Fernanda Strozzi, 2019. "Tourism and its economic impact: A literature review using bibliometric tools," Tourism Economics, , vol. 25(1), pages 109-131, February.
    2. 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.
    3. Neven Ivandić & Ivan Šutalo, 2018. "The Contribution Of Tourism To The Croatian Economy: An Io Approach," Ekonomski pregled, Hrvatsko društvo ekonomista (Croatian Society of Economists), vol. 69(1), pages 20-42.

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