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An economic model comparison of EMSI and IMPLAN

Author

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  • Sungsoo Kim

    (University of Southern Mississippi, USA)

  • Chad R. Miller

    (University of Southern Mississippi, USA)

Abstract

Economic Modeling Specialist International (EMSI) model is a common economic development research tool that has begun to be utilized for tourism research. Therefore, it is important to examine the differences between the EMSI model and the commonly used Impact Analysis for Planning (IMPLAN) model. The multiplier effects of the default version of EMSI and IMPLAN were compared using data obtained from a visitor expenditure survey of the Jackson Mississippi Mistletoe Marketplace. The results revealed that IMPLAN estimated larger multiplier effects (both type I and type II) than EMSI for the total output and employment (job supports).

Suggested Citation

  • Sungsoo Kim & Chad R. Miller, 2017. "An economic model comparison of EMSI and IMPLAN," Tourism Economics, , vol. 23(5), pages 1124-1130, August.
    • Handle: RePEc:sae:toueco:v:23:y:2017:i:5:p:1124-1130
    DOI: 10.1177/1354816616656420
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    References listed on IDEAS

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    1. Michele D. Brown & Turgut Var & Seokho Lee, 2002. "Messina Hof Wine and Jazz Festival: An Economic Impact Analysis," Tourism Economics, , vol. 8(3), pages 273-279, September.
    2. R. Keith Schwer & Dan S. Rickman, 1995. "A comparison of the multipliers of IMPLAN, REMI, and RIMS II: Benchmarking ready-made models for comparison," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 29(4), pages 363-374.
    3. Mark A. Bonn & Julie Harrington, 2008. "A Comparison of Three Economic Impact Models for Applied Hospitality and Tourism Research," Tourism Economics, , vol. 14(4), pages 769-789, December.
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