Download or read book Theoretical Structure of a Tourism Focused CGE Model for Measuring Economic Impact of an Economy written by Sriyantha Fernando and published by . This book was released on 2017-06-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring the contribution of tourism to a national economy has always been a frustrating exercise. Tourism does not have specific products. It represents the sum of expenditure by travellers for a wide range of products. It is not possible to identify tourism as a single "industry" in the national accounts, its value to the economy is not readily revealed. As a result of the absence of tourism in official economic statistics, there is often an on-going battle to establish tourism credibility as an economic activity and generator of income in the economy. As a result, a significant volume of tourism research over the past few decades have focussed on the development and use of a variety of economic techniques aimed at quantifying the effects of tourism on an economy. In conventional literature has proven that Computable General Equilibrium (CGE) modelling is the best-applied tool addressing and analysing tourism related issues in an economy. The paper provided a complete description of the theoretical structure of the CGE-Tourism including all equations and variables by using relevant Excerpts for different blocks of equations in the TABLO file associated with the GEMPACK software used to operationalise the model. The incorporation of tourism using the dummy sector approach into an ORANI type CGE model as an extension and can be considered as the main contribution of this study to the CGE modelling literature for An economy. This is a clear departure from the traditional methods used for tourism modelling in an economy. This model can be used to simulate the economic impact of the tourism boom in an economy.
Download or read book Developing a Tourism Focused Computable General Equilibrium Model written by Gunawarna Waduge and published by GRIN Verlag. This book was released on 2017-08-01 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2017 in the subject Tourism - Miscellaneous, Griffith University (Griffith Institute of Tourism), language: English, abstract: Conventional literature has proven that Computable General Equilibrium (CGE) modelling is the best applied tool addressing and analysing tourism related issues in an economy. Therefore, the aim of this paper is to develop a Computable General Equilibrium Model for an economy (hereafter referred to as CGE-Tourism) for tourism impact analysis. The core model of CGE–Tourism closely follows the well-known Australian ORANI model and the extension of tourism to the core model closely follows the recent work of Australian tourism modellers. This paper contains six sections. The second section provides a brief summary of economic impact analysis of tourism. Section three outlines the overview of the theoretical structure and implementation of the CGE-Tourism model. The system of equations of the core model of CGE-Tourism is presented in section four. Section five describes the new extension of tourism modelling to the core model. Measuring the contribution of tourism to a national economy has always been a frustrating exercise. Tourism does not have specific products. It represents the sum of expenditure by travellers for wide range of products. It is not possible to identify tourism as a single "industry" in the national accounts, its value to the economy is not readily revealed. As a result of the absence of tourism in official economic statistics, there is often an on-going battle to establish tourism credibility as an economic activity and generator of income in the economy. As a result, a significant volume of tourism research over the past few decades have focussed on the development and use of a variety of economic techniques aimed at quantifying the effects of tourism on an economy. In conventional literature has proven that Computable General Equilibrium (CGE) modelling is the best applied tool addressing and analysing tourism related issues in an economy. The paper provided a complete description of the theoretical structure of the CGE-Tourism including all equations and variables by using relevant Excerpts for different blocks of equations in the TABLO file associated with the GEMPACK software used to operationalise the model. The incorporation of tourism using the dummy sector approach into an ORANI type CGE model as an extension and can be considered as the main contribution of this study to the CGE modelling literature for An economy. This is a clear departure from the traditional methods used for tourism modelling in an economy.
Download or read book Theoretical structure of a tourism focused CGE model for measuring economic impact of an economy written by Sriyantha Fernando and published by GRIN Verlag. This book was released on 2017-07-18 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Study from the year 2017 in the subject Tourism - Miscellaneous, University of Kelaniya, course: Economic Modelling, language: English, abstract: Measuring the contribution of tourism to a national economy has always been a frustrating exercise. Tourism does not have specific products. It represents the sum of expenditure by travellers for wide range of products. It is not possible to identify tourism as a single "industry" in the national accounts, its value to the economy is not readily revealed. As a result of the absence of tourism in official economic statistics, there is often an on-going battle to establish tourism credibility as an economic activity and generator of income in the economy. As a result, a significant volume of tourism research over the past few decades have focussed on the development and use of a variety of economic techniques aimed at quantifying the effects of tourism on an economy. In conventional literature has proven that Computable General Equilibrium (CGE) modelling is the best applied tool addressing and analysing tourism related issues in an economy. The paper provided a complete description of the theoretical structure of the CGE-Tourism including all equations and variables by using relevant Excerpts for different blocks of equations in the TABLO file associated with the GEMPACK software used to operationalise the model. The incorporation of tourism using the dummy sector approach into an ORANI type CGE model as an extension and can be considered as the main contribution of this study to the CGE modelling literature for An economy. This is a clear departure from the traditional methods used for tourism modelling in an economy. This model can be used to simulate the economic impact of the tourism boom in an economy.
Download or read book Assessing the Economic Impact of Tourism written by Samuel Meng and published by Springer. This book was released on 2016-12-08 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book employs a computable general equilibrium (CGE) model – a widely used economic model which uses actual data to provide economic analysis and policy assessment – and applies it to economic data on Singapore’s tourism industry. The authors set out to demonstrate how a novice modeller can acquire the necessary skills and knowledge to successfully apply general equilibrium models to tourism studies. The chapters explain how to build a computable general equilibrium model for tourism, how to conduct simulation and, most importantly, how to analyse modelling results. This applied study acts as a modelling book at both introductory and intermediate levels, specifically targeting students and researchers who are interested in and wish to learn computable general equilibrium modelling. The authors offer insightful analysis of Singapore’s tourism industry and provide both students and researchers with a guide on how to apply general equilibrium models to actual economic data and draw accurate conclusions.
Download or read book Computable General Equilibrium Modelling for Tourism Policy written by and published by . This book was released on 2015 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years economic impact analysis in tourism has undergone a profound change in approach. In contrast to earlier emphasis on destination input-output models to provide multiplier values to determine the effects (positive and negative) of tourism demand shocks on economic variables such as gross domestic product, value added and employment, computable general equilibrium (CGE) models, are being used worldwide to estimate the resulting net macroeconomic and industry effects and for tourism policy analysis. This report identifies several features of the economy that determine the size of the economic impacts from any given shock to tourism demand that make CGE model a particularly suitable technique for economic impact analysis. It outlines the structure of a typical CGE model, identifies common features of models in use internationally, and addresses some aspects of operationalising these models. The report also discusses applications of CGE modelling to tourism, identifying several areas where tourism analysis and policy have been suitably informed as a result of such modelling. Particular insights that CGE modelling can bring to tourism planning, forecasting and policy analysis are identified. Concerns that have been raised about CGE modelling are discussed. The report concludes with a discussion of the skills requirements for CGE modelling and training courses offered globally and online by both private and public education providers. In a context of ongoing theoretical and practical development, CGE tourism modelling provides a versatile and effective means of examining the wide range of scenarios that can occur in both developed and developing destinations."
Download or read book Tourism Economics written by Álvaro Matias and published by Springer Science & Business Media. This book was released on 2011-07-28 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assessment of local, regional or national impacts of an influx of tourists – of different kind and origin – has in recent years become a new challenge for economics research in the tourism sector. There is a clear need to develop solid methodologies through which the socio-economic impacts of tourism can be assessed. Tourism impact assessment – as a systematic approach to the estimation of socio-economic effects of tourism on relevant parts of the economy – has become a timely response to the need for appropriate information for stakeholders, both public and private. The present volume brings together a set of recent impact studies – of both a theoretical-methodological and an applied policy-oriented nature – , which have been selected on the basis of their originality or novel contribution to the research in this field.
Download or read book Sophisticated Modelling Tools of the Economic Analysis of Tourism written by David Smith and published by . This book was released on 2017-08-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2017 in the subject Tourism, language: English, abstract: Economic impact refers to the changes in the economic contribution resulting from specific events or activities that comprise 'shocks' to the tourism system. Tourism Satellite Accounts (TSA) are a statistical tool. They are used to report how much the tourism sector has contributed to an economy and how important the tourism sector is compared to other sectors in the economy. Computable General Equilibrium (CGE) tourism model can provide more realistic analytical recommendations to policy makers. More specifically, the model can be used to measure economy-wide yield for tourism destinations. The paper first outlines the nature and importance of TSAs as a measure of the economic contribution of tourism to an economy. TSAs based estimates of the direct contribution of tourism in Australia are provided to illustrate the use of this tool. The paper then discusses the importance of developing TSAs at the regional level and the approaches that can be employed (bottom up, top down, mixed), as well as the limitations of TSAs as a policy instrument. It then discusses CGE modelling as a tool of economic impact analysis providing CGE based estimates of the economic impacts of increased inbound tourism to Queensland to illustrate the use of this technique. The analysis is expected to enhance stakeholder understanding the separate roles that TSAs and CGE modelling can play in determining the economic significance of tourism to an economy.
Download or read book The Economic Impacts of Natural Disasters written by Debarati Guha-Sapir and published by Oxford University Press. This book was released on 2013-05-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.
Download or read book The Economic Interrelationships of Tourism written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis investigates the economic interrelationships that tourism has in the wider economy in the context of a country that is heavily reliant on tourism revenues. More specifically, it seeks to examine the welfare, intersectoral, distributional, competitive, investment and dynamic issues relating to the tourism sector that have been under investigated in both the tourism and trade literature. These issues have been investigated empirically using Computable General Equilibrium (CGE) analysis. The thesis is set out as follows: Chapter 1 sets out the relative position of Spain in terms of its international competitors and defines the tourism sector. It also explains why CGE modelling is felt to be the most suitable approach for modelling the Spanish tourism sector for the purposes of this thesis. It also presents an overview of the planned research. Chapter 2 gives an overview of the structure and key features of the Spanish economy. It discusses the evolution of the tourism sector and how it varies between the different autonomous communities in Spain. The Spanish Tourism Satellite Account is presented and Spanish tourism policy is examined. Chapter 3 reviews the theoretical and empirical literature on CGE modelling and tourism analysis relevant to this thesis. Various types of CGE model are scrutinised and their usefulness assessed. The role of tourism in international trade is considered and the characteristics of the tourism sector that need to be embodied into a CGE model are discussed. Chapter 4 describes the core CGE model used in this thesis and the underlying equations that are associated with it. The central data set used is the Spanish input-output table for 1996. This data set is described and all subsequent input-output tables used in other chapters are amended so as to be consistent with this data set. Closure rules, elasticity parameters, solution methods and calibration methods are also discussed. Chapter 5 presents the results of the experiments carried out with the dynamic Spanish national CGE model. The core model presented in Chapter 4 has been extended to incorporate foreign direct investment and these changes are disclosed in the opening sections. Counterfactuals are designed so as to estimate the impact of foreign direct investment inflows and tourism demand shocks on the Spanish economy. Sensitivity analysis of the key exogenous parameters is also undertaken. Chapter 6 presents the results of the experiments carried out on the static regional CGE model of the regions of Spain. Input-Output tables for four of Spain s autonomous regions were obtained and integrated with the Spanish national table to create a data set which accounts for the four regions analysed and the remainder of the Spanish economy. The model presented in Chapter 4 is adapted to incorporate regional trade flows and structural differences are discussed. Counterfactuals are designed in order to investigate how regional tax policy might affect tourism flows in Spain and how tourism demand impacts on different regions in Spain. Sensitivity analysis of the key exogenous parameters is also undertaken. Chapter 7 presents the results of the experiments of the dynamic CGE model for the Canary Islands. The core model is identical to that presented in Chapter 4, except that it is applied at a sub-national rather than a national level. Counterfactuals are designed so as to take account of the issues affecting a small island economy that is heavily reliant on tourism. As before, sensitivity analysis of the key exogenous parameters is also undertaken. Chapter 8 summarises the findings of this study, highlights possibly policy implications and cites limitations of the research. Suggestions for further research are also highlighted.
Download or read book Understanding Risks and Uncertainties in Energy and Climate Policy written by Haris Doukas and published by Springer. This book was released on 2018-12-10 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
Download or read book Tourism Economics and Policy written by Larry Dwyer and published by Channel View Publications. This book was released on 2010-10-27 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tourism Economics and Policy combines a comprehensive treatment of economic concepts and applications in tourism contexts. Topics include tourism demand and forecasting, tourism supply and pricing, measuring the impacts and benefits of changes in tourism demand, tourism investment and infrastructure, tourism taxation, aviation, tourism and the environment (including climate change) and destination competitiveness. The text provides an excellent basis for students to appreciate the relevance of economic analysis to the solution of real life tourism issues and as an input into tourism policy formulation.
Download or read book Learning from SARS written by Institute of Medicine and published by National Academies Press. This book was released on 2004-04-26 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.
Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher and published by Cambridge University Press. This book was released on 2016 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Download or read book International Recommendations for Tourism Statistics 2008 written by and published by . This book was released on 2010 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: United Nations publication. Sales no. E.08.XVII.28--T.p. verso.
Download or read book The Economics of Tourism Destinations written by Norbert Vanhove and published by Routledge. This book was released on 2017-12-04 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The measurement of tourism, for example analysing competitiveness and evaluating tourism projects, is not an easy task. Now in its third edition, The Economics of Tourism Destinations: Theory and Practice provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This new edition has been revised and updated to include: Three new chapters: Tourism as a development strategy, Tourism export-led growth, and a dedicated chapter on Macro-evaluation of tourism projects and events, including the travel cost method and the contingent valuation method. New case studies from emerging destinations in Asia, Australia and America to show theory in practice. New and updated data throughout. Each chapter combines theory and practice and is integrated with international case studies. Combining macro- and micro-aspects of economics to the tourism destination, this is an invaluable resource for students learning about this subject, as well as being aimed at tourism researchers and policy-makers.
Download or read book Concepts of Tourism Yield and Their Measurement written by Larry Dwyer and published by . This book was released on 2006 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary aim of the report is to develop tools for measuring and enhancing the yield from tourism at the business, regional and national levels. This overall objective subsumes several more specific objectives: * First, to clarify the different concepts of tourism yield. * Second, to develop operational measures of yield at the level of the firm and at destination, regional, state and national levels. * The final objective involves discussion and analysis of the policy implications of the study. This publication is also available for free download at www.crctourism.com.au
Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.
