EconPapers    
Economics at your fingertips  
 

Public Sector Support for Special Events

Larry Dwyer () and Peter Forsyth
Additional contact information
Larry Dwyer: University of New South Wales, Sydney, NSW 2052, Australia.

Eastern Economic Journal, 2009, vol. 35, issue 4, 481-499

Abstract: The standard approach taken to assessing the economic impacts of special events, using input-output (I-O) modeling, has come under increasing attack in the recent research literature. Critics have argued that both I-O modeling should be replaced by computable general equilibrium modeling and that cost benefit analysis should be used to account for the wider social and environmental impacts of events. This article explores the critics concerns, prior to highlighting the preferred economic impact assessment tool. The role of CBA is also discussed, highlighting the type of data that is needed for informed analysis. Researchers tend to treat economic impact analysis and CBA as distinct techniques of assessment, with the potential to provide conflicting recommendations. The article outlines a method for partially integrating the two techniques. To set a context for the discussion, reference is made to the findings from research recently undertaken to estimate both the economic impacts and the net benefits of the Formula One Grand Prix held in Melbourne, Australia.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://www.palgrave-journals.com/eej/journal/v35/n4/pdf/eej200931a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/eej/journal/v35/n4/full/eej200931a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:35:y:2009:i:4:p:481-499

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41302

Access Statistics for this article

Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak

More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-03-29
Handle: RePEc:pal:easeco:v:35:y:2009:i:4:p:481-499