Criteria for Comparing Economic Impact Models of Tourism

Jeroen Klijs, Wim Heijman, Diana Korteweg Maris and Jeroen Bryon
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Jeroen Klijs: NHTV Breda University of Applied Sciences, Academy for Tourism, PO Box 3917, 4800 DX Breda, The Netherlands, and Department of the Social Sciences, Wageningen University, Wageningen, The Netherlands
Wim Heijman: Department of the Social Sciences, Wageningen University, Wageningen, The Netherlands
Diana Korteweg Maris: NHTV Breda University of Applied Sciences, Breda, The Netherlands
Jeroen Bryon: Catholic University Leuven, Leuven, Belgium

Tourism Economics, 2012, vol. 18, issue 6, 1175-1202

Abstract: There are substantial differences between models of the economic impacts of tourism. Not only do the nature and precision of results vary, but data demands, complexity and underlying assumptions also differ. Often, it is not clear whether the models chosen are appropriate for the specific situation to which they are applied. The goal of this article is to provide an overview and evaluation of criteria for the selection of economic impact models. A literature review produced 52 potential criteria, subdivided into 10 groups. Based on an analysis of experts' opinions, the perceived importance of each criterion was determined and a set of essential criteria created. To illustrate the usage of these essential criteria, five models (export base, Keynesian, ad hoc , input–output and computable general equilibrium) were evaluated and compared based on their performance on these criteria. This paper builds on the existing literature by showing that it is possible to make a more informed choice among economic impact models of tourism.

Keywords: economic impact models; evaluation criteria; experts' opinions (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:18:y:2012:i:6:p:1175-1202

DOI: 10.5367/te.2012.0172

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