Skip to main content

THE ECONOMIC IMPACT OF TOURISM: BEYOND SATELLITE ACCOUNTS

Buy Article:

$25.00 plus tax (Refund Policy)

Abstract:

The tourism satellite account (TSA) has as its main categories “tourism-specific,” “tourism-related,” and “non-tourism-specific” production industries, which in turn produce “tourism-specific,” “tourism-related,” and “non-tourism-specific” goods. The latter comprise goods and services supplied primarily to nontourists. The macroeconomic importance of tourism and its contribution to the overall value added is a crucial index for economists. For calculating the total economic impact of tourism, the TSA results have to be corrected for indirect effects triggered by tourism as the TSA concept considers only the direct value-added effects. Further, in an overall economic perspective, business trips of residents have to be excluded to get the right impact figures. In the case of Austria, it was found that in the year 2002 the direct and indirect value-added effects, excluding business trips, of Austrians contributed 9.6% to the GDP whereas direct effects contributed only 6%.

Keywords: Economic impact; Input–output analysis; Leisure time consumption; Tourism demand; Tourism satellite accounts

Document Type: Research Article

DOI: http://dx.doi.org/10.3727/1083542054547949

Affiliations: WIFO-Austrian Institute of Economic Research, 1030 Vienna, Austria

Publication date: January 1, 2005

More about this publication?
  • The aim of Tourism Analysis is to promote a forum for practitioners and academicians in the fields of Leisure, Recreation, Tourism, and Hospitality (LRTH). As a interdisciplinary journal, it is an appropriate outlet for articles, research notes, and computer software packages designed to be of interest, concern, and of applied value to its audience of professionals, scholars, and students of LRTH programs the world over.

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more