THE ECONOMIC IMPACT OF TOURISM: BEYOND SATELLITE ACCOUNTS

Author: SMERAL, EGON

Source: Tourism Analysis, Volume 10, Number 1, 2005 , pp. 55-64(10)

Publisher: Cognizant Communication Corporation

Buy & download fulltext article:

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

Document Type: Research article

Affiliations: 1: WIFO-Austrian Institute of Economic Research, 1030 Vienna, Austria

Publication date: 2005-01-01

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.