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The Nordic Model: A Theoretical Model for Economic Impact Analysis of Event Tourism

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This article reviews the economic impact analysis of tourism and develops a model especially suited to analyze the economic impact of tourism events. The study airs the difficulties in the methodological development of Economic Impact Analysis (EIA) of tourism. The merits of a few methodological entities, the Nordic Model (NM), the Input-Output Method (10M), and the Tourist Economic Model (TEM), are acknowledged and their inexpediencies that provoke flaws in the performance are enumerated, especially directed toward their efficiency concerning the measurement of cash flow due to different types of events. The ultimate objective for this article, and the task of methodological development, is to create an alternative method of the EIA for field performance, directed toward tourism events. An empirical case study, the “TUR-95” fair in Gothenburg, Sweden (March, 1995), is included. Study results indicate that the events' total direct economical impact from tourism on the local municipality of Gothenburg was ca. 140 million Swedish crowns (ca. 18 million US dollars).
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Keywords: CASH FLOW MEASUREMENT; ECONOMIC ANALYSIS; ECONOMIC MODELS

Document Type: Research Article

Publication date: December 1, 1995

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