TOUR2010 Lecture 9: TOUR2010 Week 9
Document Summary
Week 9: economic contribution of tourism economic analysis: total contribution - Direct contribution = spending by tourists" in economy. Direct contribution + flow-on in rest of economy = total contribution. Indirect effects: generated as the direct expenditure by tourists is used to purchase goods and services to produce tourism product (eg: restaurant buys from local farms) Induced effects: generated as employees supported indirect industries (restraint chef) and indirect industries (from workers) spend their wages in the economy. Measure tourism direct expenditure record via tourism satellite account. Economic model to estimate flow on (indirect & induced effects) generated contribution. Direct: tourism expenditure/consumption, tourism exports/imports, direct output total output, tourism output = domestic goods & services produced for tourism, direct gdp total gdp, direct employment total employment. Direct + indirect + induced = total economic contribution. Tourism expenditure/consumption = aggregate of tourists" spending during trips (stays the same, it is only direct)
