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Boosting Tourism's Contribution to Growth and Development: Analysis of Evidence

Author

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  • Cicowiez, Martin
  • Banerjee, Onil
  • Morris, Emily

Abstract

In this study we develop an evidence-based tool to help to guide policy and investment choices, to maximize developmental returns from tourism. Specifically, we develop a tourism-extended social accounting matrix and computable general equilibrium and microsimulation models customized for tourism investment analysis. To demonstrate the approach, we develop these data structures for Belize, at both national and regional levels. The framework developed herein can be used to quantify the direct and indirect, and short- and long-run impacts of tourism investments. Anticipating application of the approach to tourism investment analysis in the Central American Region, we provide a stock take of the availability of data to develop a similar suite of models for other countries in the region.

Suggested Citation

  • Cicowiez, Martin & Banerjee, Onil & Morris, Emily, 2017. "Boosting Tourism's Contribution to Growth and Development: Analysis of Evidence," IDB Publications (Working Papers) 8423, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:8423
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    Citations

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    Cited by:

    1. Vito Tanzi, 2005. "Building regional infrastructure in Latin America," INTAL Working Papers 2642, Inter-American Development Bank, INTAL.
    2. Anneke Jessen & Christopher Vignoles, 2005. "Jamaica: trade, integration and the quest for growth," INTAL Working Papers 1264, Inter-American Development Bank, INTAL.
    3. Marcelo de Paiva Abreu, 2005. "The FTAA and the political economy of protection in Brazil and the US," Textos para discussão 494, Department of Economics PUC-Rio (Brazil).
    4. Mario Jales & Marcos Sawaya Jank & Shunli Yao & Colin Carter, 2006. "Agriculture in Brazil and China : challenges and opportunities," INTAL Working Papers 1296, Inter-American Development Bank, INTAL.
    5. Vito Tanzi, 2005. "The production and financing of regional public goods," INTAL Working Papers 2824, Inter-American Development Bank, INTAL.
    6. Elsnit, 2005. "Second Annual Conference of the Euro-Latin Study Network on Integration and Trade, ELSNIT : Issues papers," INTAL Working Papers 2414, Inter-American Development Bank, INTAL.
    7. Eric T. Miller, 2005. "Achievements and challenges of trade capacity building : a practitioner's analysis of the CAFTA process and its lessons for the multilateral system," INTAL Working Papers 1268, Inter-American Development Bank, INTAL.
    8. Juan S. Blyde, 2006. "Assessing the impacts of intellectual property rights on trade flows in Latin America," INTAL Working Papers 1274, Inter-American Development Bank, INTAL.

    More about this item

    Keywords

    ex-ante economic impact analysis; tourism investment analysis; tourism development; economy-wide model; microsimulation model; Belize; Central America;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • Z3 - Other Special Topics - - Tourism Economics
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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