Acta turistica, Vol. 26 No. 1, 2014.
Review article
EXAMINING THE ECONOMIC IMPACT OF TOURISM: WHO GETS TO CLAIM THE GOLD?
William C. Gartner
; University of Minnesota, Department of Applied Economics, Saint Paul, USA
Abstract
The use of economic impact methodology to assess the importance of tourist attractions can be problematic. The fi rst issue is how the technique is utilized and what actually gets counted. The second issue is how the derived information is utilized. This paper discusses a study to estimate the economic impact of the winery industry in the state of Iowa in the United States. Many wineries are viewed as primary tourist attractions and it is important to understand their importance to local economies in order for effective development policy to be enacted. Using different approaches to measuring economic impact we show the range of values that can be estimated. From this we pose several concerns about the use of inaccurate. The use of inaccurate and overestimated economic impact assessments can lead to misdirected policy with other primary attractions not recognized as providing any value to a destination.
Keywords
multiplier effect; input/output model; economic impact; wine industry; tourism
Hrčak ID:
135189
URI
Publication date:
1.6.2014.
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