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Determining Economic Contributions in a Recreational Industry

Author

Listed:
  • Philip Watson

    (University of Idaho)

  • Steve Davies

    (Colorado State University)

  • Dawn Thilmany

    (Colorado State University)

Abstract

The estimation of economic contributions, activity, and impacts from industries, businesses, and events is a cornerstone of the regional economic development field, yet the approaches used to conduct such studies are rarely discussed in detail. Although Impact Analysis for Planning (IMPLAN) input—output economic modeling software and other regional models have become the standard, many industries, such as golf, are not represented in baseline data and therefore the model must be customized to facilitate regional analysis of these specific sectors. Using primary data collection techniques of both golf course operators and golfers in Colorado, both the backward linkages of the golf course industry and the stemming-from effects of the golf-related tourism expenditures were estimated and incorporated into the IMPLAN regional input—output modeling system. The customized IMPLAN model found the contribution of the golf industry's economic activity from both golf course operations and tourist expenditures to be $1.6 billion.

Suggested Citation

  • Philip Watson & Steve Davies & Dawn Thilmany, 2008. "Determining Economic Contributions in a Recreational Industry," Journal of Sports Economics, , vol. 9(6), pages 571-591, December.
    • Handle: RePEc:sae:jospec:v:9:y:2008:i:6:p:571-591
    DOI: 10.1177/1527002508318595
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    References listed on IDEAS

    as
    1. Watson, Philip & Wilson, Joshua & Thilmany, Dawn D. & Winter, Susan, 2007. "Determining Economic Contributions and Impacts: What is the difference and why do we care?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-7.
    2. Haydu, John J. & Hodges, Alan W., 2002. "Economic Impacts of the Florida Golf Course Industry," Economic Information Report 237415, University of Florida, Food and Resource Economics Department.
    3. Lazarus, William F. & Platas, Diego E. & Morse, George W., 2002. "IMPLAN's Weakest Link: Production Functions or Regional Purchase Coefficients?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 32(1), pages 1-17.
    4. Donald B. K. English, 2000. "Calculating Confidence Intervals for Regional Economic Impacts of Recreation by Bootstrapping Visitor Expenditures," Journal of Regional Science, Wiley Blackwell, vol. 40(3), pages 523-539, August.
    5. Weiler, Stephan & Loomis, John & Richardson, Robby & Shwiff, Stephanie, 2002. "Driving Regional Economic Models with a Statistical Model: Hypothesis Testing for Economic Impact Analysis," The Review of Regional Studies, Southern Regional Science Association, vol. 32(1), pages 97-111, Winter/Sp.
    6. repec:rre:publsh:v:34:y:2004:i:1:p:57-71 is not listed on IDEAS
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    Cited by:

    1. Yuanyuan Hao & Mengyuan Kong, 2022. "Economic effect of the golf simulation industry in Korea: an analysis based on the SVAR model," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-11, December.
    2. Martí Selva, Mª Luisa & Puertas Medina, Rosa, 2012. "Impacto económico de la celebración de un evento deportivo: Campeonato del Mundo de MotoGP en Valencia/Economic Impact of a Sporting Event: MotoGP World Champonship in Valencia," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 30, pages 683-702, Agosto.
    3. Shaoxiong Yang & Jinfu Xu & Ruoyu Yang, 2020. "Research on Coordination and Driving Factors of Sports Industry and Regional Sustainable Development—Empirical Research Based on Panel Data of Provinces and Cities in Eastern China," Sustainability, MDPI, vol. 12(3), pages 1-21, January.
    4. Luis Miguel López-Bonilla & María del Carmen Reyes-Rodríguez & Jesús Manuel López-Bonilla, 2020. "Golf Tourism and Sustainability: Content Analysis and Directions for Future Research," Sustainability, MDPI, vol. 12(9), pages 1-18, April.
    5. Claudio Calero & Lindsay W Turner, 2020. "Regional economic development and tourism: A literature review to highlight future directions for regional tourism research," Tourism Economics, , vol. 26(1), pages 3-26, February.
    6. Mayer Marius & Vogt Luisa, 2016. "Economic effects of tourism and its influencing factors: An overview focusing on the spending determinants of visitors," Zeitschrift für Tourismuswissenschaft, De Gruyter, vol. 8(2), pages 169-198, November.
    7. James Yoo & Charles Perrings, 2017. "Modeling the short-run costs of changes in water availability in a desert city: a modified input-output approach," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(4), pages 549-564, July.

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