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Evaluating the Economic Benefits from Tourism Spending through Input-Output Frameworks: Issues and Cases

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  • Calvin Jones

    (Welsh Economy Research Unit, Cardiff Business School, Cardiff, Wales, UK)

  • Max Munday

    (Welsh Economy Research Unit, Cardiff Business School, Cardiff, Wales, UK)

Abstract

The paper examines the economic effects of tourism spending within the framework of a regional Input-Output table augmented with a tourism satellite account. Two case studies from the Welsh economy illustrate the use of Input-Output tables to analyse the effects of tourism spending. The cases examined are the 2000 Brecon Jazz Festival, and the 1999 Rugby World Cup. In each case the effects of tourism spending are analysed in the context of varying regional economic conditions and constraints. Conclusions highlight the value of tourism satellite accounts as an aid to economic and policy planning at a time when tourism-led initiatives gain importance in regional economic development strategies.

Suggested Citation

  • Calvin Jones & Max Munday, 2004. "Evaluating the Economic Benefits from Tourism Spending through Input-Output Frameworks: Issues and Cases," Local Economy, London South Bank University, vol. 19(2), pages 117-133, May.
    • Handle: RePEc:sae:loceco:v:19:y:2004:i:2:p:117-133
    DOI: 10.1080/0269094042000203063
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    References listed on IDEAS

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    Citations

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    Cited by:

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    2. Johanna d'Hernoncourt & Mateo Cordier & David Hadley, 2011. "Input-Output Multipliers – Specification sheet and supporting material, Spicosa project report," Working Papers hal-03233439, HAL.
    3. Luis E Pedauga & Ana Pardo-Fanjul & Juan C Redondo & José M Izquierdo, 2022. "Assessing the economic contribution of sports tourism events: A regional social accounting matrix analysis approach," Tourism Economics, , vol. 28(3), pages 599-620, May.
    4. Andrés Artal-Tur & José Miguel Navarro-Azorín & José María Ramos-Parreño, 2020. "Measuring the economic contribution of tourism to destinations within an input-output framework: some methodological issues," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 243-265, September.
    5. Chaney, Paul, 2015. "Exploring political parties’ manifesto discourse on tourism: Analysis of Scottish, Welsh and Northern Irish elections 1998–2011," Annals of Tourism Research, Elsevier, vol. 50(C), pages 113-127.
    6. Maria Zulfaqar & Shahid Bashir & Samer Mohammed Ahmed Yaghmour & Jamshid Ali Turi & Musaib Hussain, 2023. "The Mediating Roles of Economic, Socio-Cultural, and Environmental Factors to Predict Tourism Market Development by Means of Regenerative Travel: An Infrastructural Perspective of China–Pakistan Econo," Sustainability, MDPI, vol. 15(6), pages 1-19, March.
    7. Alexei Deviatov, 2019. "Estimating à Cagan-type Demand Function for Gold: 1561–1913," Russian Journal of Money and Finance, Bank of Russia, vol. 78(3), pages 122-136, September.
    8. G. Lindberg & P. Midmore & Y. Surry, 2012. "Agriculture’s Inter-industry Linkages, Aggregation Bias and Rural Policy Reforms," Journal of Agricultural Economics, Wiley Blackwell, vol. 63(3), pages 552-575, September.
    9. Saenz-de-Miera, Oscar & Rosselló, Jaume, 2014. "Modeling tourism impacts on air pollution: The case study of PM10 in Mallorca," Tourism Management, Elsevier, vol. 40(C), pages 273-281.
    10. Galina Williams, 2016. "Economic Impacts from Development of the Coastal Town in Queensland on Tourism and Regional Economy," Resources, MDPI, vol. 5(4), pages 1-16, December.
    11. Calvin Jones, 2002. "The Stadium and Economic Development: Cardiff and the Millennium Stadium," European Planning Studies, Taylor & Francis Journals, vol. 10(7), pages 819-829, October.
    12. Camelia Surugiu & Marius Razvan Surugiu, 2013. "Is the Tourism Sector Supportive of Economic Growth? Empirical Evidence on Romanian Tourism," Tourism Economics, , vol. 19(1), pages 115-132, February.
    13. Calvin Jones & Max Munday & Neil Roche, 2010. "Can regional sports stadia ever be economically significant?," Regional Science Policy & Practice, Wiley Blackwell, vol. 2(1), pages 63-77, June.
    14. Lucio Carlos Freire-Gibb & Anne Lorentzen, 2011. "A platform for local entrepreneurship: The case of the lighting festival of Frederikshavn," Local Economy, London South Bank University, vol. 26(3), pages 157-169, May.
    15. Sun, Ya-Yen & Rodriguez, Ariel & Wu, Jih-Hwa & Chuang, Shu-Tzu, 2013. "Why hotel rooms were not full during a hallmark sporting event: The 2009 World Games experience," Tourism Management, Elsevier, vol. 36(C), pages 469-479.
    16. John Harris, 2015. "Keeping up with the Joneses: Hosting mega-events as a regenerative strategy in nation imaging, imagining and branding," Local Economy, London South Bank University, vol. 30(8), pages 961-974, December.
    17. Mi Tian & Qingwen Min & Fei Lun & Zheng Yuan & Anthony M. Fuller & Lun Yang & Yongxun Zhang & Jie Zhou, 2015. "Evaluation of Tourism Water Capacity in Agricultural Heritage Sites," Sustainability, MDPI, vol. 7(11), pages 1-22, November.

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