Criteria for comparing economic impact models of tourism

J. Klijs, W.J.M. Heijman, D. Korteweg Maris, J. Bryon

Research output: Contribution to journalArticleAcademicpeer-review

26 Citations (Scopus)

Abstract

There are substantial differences between models of the economic impacts of tourism. Not only do the nature and precision of results vary, but data demands, complexity and underlying assumptions also differ. Often, it is not clear whether the models chosen are appropriate for the specific situation to which they are applied. The goal of this article is to provide an overview and evaluation of criteria for the selection of economic impact models. A literature review produced 52 potential criteria, subdivided into 10 groups. Based on an analysis of experts’ opinions, the perceived importance of each criterion was determined and a set of essential criteria created. To illustrate the usage of these essential criteria, five models (export base, Keynesian, ad hoc, input–output and computable general equilibrium) were valuated and compared based on their performance on these criteria. This paper builds on the existing literature by showing that it is possible to make a more informed choice among economic impact models of tourism.
Original languageEnglish
Pages (from-to)1175-1202
JournalTourism Economics
Volume18
Issue number6
DOIs
Publication statusPublished - 2012

Keywords

  • keynesian income multipliers
  • input-output-analysis

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