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Tourism's Contribution to a State Economy: A Multi-Regional General Equilibrium Analysis

Author

Listed:
  • Larry Dwyer

    (Qantas Professor of Travel and Tourism Economics, University of New South Wales, Sydney, NSW 2052, Australia)

  • Peter Forsyth

    (Department of Economics, Monash University, Clayton, Victoria 3800, Australia)

  • Ray Spurr

    (Centre for Tourism Policy Studies, University of New South Wales, Sydney, NSW 2052, Australia)

  • Thiep VanHo

    (Centre for Tourism Policy Studies, University of New South Wales, Sydney, NSW 2052, Australia)

Abstract

A multi-regional general equilibrium model is used to estimate the effects of increased tourism on the economy of New South Wales, Australia's largest state. Simulations were undertaken of the effects of an increase in world, interstate and intrastate tourism on the economy of New South Wales focusing on the assumptions that generate maximum impacts. The paper concludes with a discussion of the implications for policy making from the perspective of New South Wales as a tourism destination.

Suggested Citation

  • Larry Dwyer & Peter Forsyth & Ray Spurr & Thiep VanHo, 2003. "Tourism's Contribution to a State Economy: A Multi-Regional General Equilibrium Analysis," Tourism Economics, , vol. 9(4), pages 431-448, December.
    • Handle: RePEc:sae:toueco:v:9:y:2003:i:4:p:431-448
    DOI: 10.5367/000000003322663140
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    References listed on IDEAS

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    1. Naqvi, Farzana & Peter, Matthew W, 1996. "A Multiregional, Multisectoral Model of the Australian Economy with an Illustrative Application," Australian Economic Papers, Wiley Blackwell, vol. 35(66), pages 94-113, June.
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    Cited by:

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    2. Forsyth, Peter, 2006. "Martin Kunz Memorial Lecture. Tourism benefits and aviation policy," Journal of Air Transport Management, Elsevier, vol. 12(1), pages 3-13.
    3. Sheereen Fauzel & Boopen Seetanah & R.V. Sannassee, 2017. "Analysing the impact of tourism foreign direct investment on economic growth," Tourism Economics, , vol. 23(5), pages 1042-1055, August.
    4. Allen, David & Yap, Ghialy & Shareef, Riaz, 2009. "Modelling interstate tourism demand in Australia: A cointegration approach," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2733-2740.
    5. Lei, Zheng & Papatheodorou, Andreas, 2010. "Measuring the effect of low-cost carriers on regional airports' commercial revenue," Research in Transportation Economics, Elsevier, vol. 26(1), pages 37-43.
    6. Kawasaki, Kenichi, 2005. "The Sectoral and Regional Implications of Trade Liberalization," Conference papers 331385, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Eric Tchouamou Njoya & Marina Efthymiou & Alexandros Nikitas & John F. O’Connell, 2022. "The Effects of Diminished Tourism Arrivals and Expenditures Caused by Terrorism and Political Unrest on the Kenyan Economy," Economies, MDPI, vol. 10(8), pages 1-20, August.
    8. Forsyth, Peter & Dwyer, Larry & Spurr, Ray & Pham, Tien, 2014. "The impacts of Australia's departure tax: Tourism versus the economy?," Tourism Management, Elsevier, vol. 40(C), pages 126-136.
    9. Qian Li & Meiwei Tang & Chengbo Li, 2021. "A study on the multiobjective optimization model for tourism development – Take Shanghai as example," Tourism Economics, , vol. 27(4), pages 762-776, June.
    10. João-Pedro Ferreira & Pedro N Ramos & Michael L Lahr, 2020. "The rise of the sharing economy: Guesthouse boom and the crowding-out effects of tourism in Lisbon," Tourism Economics, , vol. 26(3), pages 389-403, May.
    11. José F. Baños & Luis Valdés & Eduardo Valle & Emma Zapico, 2018. "Economic importance of the motorways of the sea for tourism: The experience of the route Nantes–Gijón," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(2), pages 300-320, June.
    12. Marino, Alfonso, 2009. "The Tourist Sector: Italian Experience," MPRA Paper 25312, University Library of Munich, Germany, revised 11 Nov 2009.
    13. Leroy de Morel, Laetitia & Wittwer, Glyn & Gamperle, Dion & Leung, Christina, 2020. "The potential local and regional impacts of COVID-19 in New Zealand with a focus on tourism," Conference papers 333207, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. Clemente Polo & Elisabeth Valle, 2008. "A General Equilibrium Assessment of the Impact of a Fall in Tourism Under Alternative Closure Rules: the Case of the Balearic Islands," International Regional Science Review, , vol. 31(1), pages 3-34, January.
    15. Muhammad Shafiullah & Luke Emeka Okafor & Usman Khalid, 2019. "Determinants of international tourism demand: Evidence from Australian states and territories," Tourism Economics, , vol. 25(2), pages 274-296, March.
    16. Ghialy Yap, 2010. "Australian domestic tourism demand analysis using panel data static regression," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 2(2), pages 113-127, April.
    17. Jelena Petrović & Snežana Milićević & Lukrecija Djeri, 2017. "The information and communications technology as a factor of destination competitiveness in transition countries in European Union," Tourism Economics, , vol. 23(6), pages 1353-1361, September.
    18. Forsyth, Peter, 2014. "Is it in Germany's economic interest to allow Emirates to fly to Berlin? A framework for analysis," Journal of Air Transport Management, Elsevier, vol. 41(C), pages 38-44.
    19. Verikios, George & Zhang, Xiao-guang, 2013. "Structural change in the Australian electricity industry during the 1990s and the effect on household income distribution: A macro–micro approach," Economic Modelling, Elsevier, vol. 32(C), pages 564-575.

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