The Impacts of Temporary and Anticipated Tourism Spending
Allan, Grant and Lecca, Patrizio and Swales, Kim (2014) The Impacts of Temporary and Anticipated Tourism Spending. Discussion paper. University of Strathclyde, Glasgow.
Preview |
Text.
Filename: Allan_etal_2014_The_impacts_of_temporary_and_anticipated_tourism_spending.pdf
Final Published Version Download (628kB)| Preview |
Abstract
Part of the local economic impact of a major sporting event comes from the associated temporary tourism expenditures. Typically demand-driven Input-Output (IO) methods are used to quantify the impacts of such expenditures. However, IO modelling has specific weaknesses when measuring temporary tourism impacts; particular problems lie in its treatment of factor supplies and its lack of dynamics. Recent work argues that Computable General Equilibrium (CGE) analysis is more appropriate and this has been widely applied. Neglected in this literature however is an understanding of the role that behavioural characteristics and factor supply assumptions play in determining the economic impact of tourist expenditures, particularly where expenditures are temporary (i.e. of limited duration) and anticipated (i.e. known in advance). This paper uses a CGE model for Scotland in which agents can have myopic- or forward-looking behaviours and shows how these alternative specifications affect the timing and scale of the economic impacts from anticipated and temporary tourism expenditure. The tourism shock analysed is of a scale expected for the Commonwealth Games to be held in Glasgow in 2014. The model shows how “pre-shock” and “legacy” effects – impacts before and after the shock – arise and their quantitative importance. Using the forward-looking model the paper calculates the optimal degree of pre-announcement.
ORCID iDs
Allan, Grant ORCID: https://orcid.org/0000-0002-1404-2768, Lecca, Patrizio and Swales, Kim;-
-
Item type: Monograph(Discussion paper) ID code: 68223 Dates: DateEvent2014PublishedNotes: Published as a paper within the Discussion Papers in Economics, No. 14-06 (2014) Subjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 04 Jun 2019 09:07 Last modified: 11 Nov 2024 16:05 URI: https://strathprints.strath.ac.uk/id/eprint/68223