Search results for "Economic Impact Analysis"
showing 10 items of 90 documents
A general equilibrium analysis of climate change impacts on tourism
2006
This paper studies the economic implications of climate-change-induced variations in tourism demand, using a world CGE model. The model is first re-calibrated at some future years, obtaining hypothetical benchmark equilibria, which are subsequently perturbed by shocks, simulating the effects of climate change. We portray the impact of climate change on tourism by means of two sets of shocks, occurring simultaneously. The first set of shocks translate predicted variations in tourist flows into changes of consumption preferences for domestically produced goods. The second set reallocate income across world regions, simulating the effect of higher or lower tourists' expenditure. Our analysis h…
Cost–benefit analysis of water-reuse projects for environmental purposes: A case study for Spanish wastewater treatment plants
2011
Water reuse is an emerging and promising non-conventional water resource. Feasibility studies are essential tools in the decision making process for the implementation of water-reuse projects. However, the methods used to assess economic feasibility tend to focus on internal costs, while external impacts are relegated to unsubstantiated statements about the advantages of water reuse. Using the concept of shadow prices for undesirable outputs of water reclamation, the current study developed a theoretical methodology to assess internal and external economic impacts. The proposed methodological approach is applied to 13 wastewater treatment plants in the Valencia region of Spain that reuse ef…
The Economic Impact of Water Taxes: A Computable General Equilibrium Analysis with an International Data Set
2006
Water is scarce in many countries. One instrument to improve the allocation of a scarce resource is (efficient) pricing or taxation. However, water is implicitly traded on international markets, particularly through food and textiles, so that impacts of water taxes cannot be studied in isolation, but require an analysis of international trade implications. We include water as a production factor in a multi-region, multi-sector computable general equilibrium model (GTAP), to assess a series of water tax policies. We find that water taxes reduce water use, and lead to shifts in production, consumption, and international trade patterns. Countries that do not levy water taxes are nonetheless af…
Economic Impacts of Cultural Events on Local Economies: An Input—Output Analysis of the Kaustinen Folk Music Festival
2005
This paper examines the economic impacts of Finland's Kaustinen Folk Music Festival. The impacts are calculated on output, demand and wages, employment and on national and regional taxes. The results indicate, first, that the effects of the festival on output are about ₠1.7 million. Kaustinen can also be seen as a good investment for the local municipality, as regional tax revenues increased by about ₠65,600 in the year studied, while the annual subsidy was ₠40,365. From the perspective of the Keski-Pohjanmaa region as a whole, the Kaustinen Folk Music Festival has a substantial impact on regional incomes through subsidies (about one-fifth of the costs of the festival is offset by subsidie…
Port–City Relationship and the Environment: Literature Survey and Methodological Approach for Project Appraisal in Presence of Environmental External…
2015
AbstractIn times of increasing environmental awareness, the port–city relationship has gained new meaning because ports have been seen as the origin of both negative and positive externalities affecting public welfare. While the former are the result of port expansion, the latter are the result of transforming obsolete port areas into recreational facilities. Therefore, to support effective policymaking, this paper considers the following question: What is the scope of economic valuation of these externalities in the context of port-project appraisal? Considering their nonmarket nature, which makes economic valuation more difficult, a contingent valuation method is introduced as an economic…
Entrepreneurs' perceptions of official sporting events' capacity to promote their business in the long term
2021
[EN] Academic literature includes numerous studies on the assessment of the economic impacts of sporting events. Some of these impacts are only temporary and don't produce a lasting effect on the productive fabric, while others lead to long term developments. Even though residents' reactions to the long term impacts of these events have been broadly studied, the views expressed by entrepreneurs located in the area of the event remain to be investigated. This article analyses perceptions of entrepreneurs located near the Sierra Nevada Ski and Mountain Resort in Spain relating to their assessment of the long term effects of hosting the 2017 Snowboard and Freestyle Ski World Championship.This …
Direct regional economic impact of Germany’s 1. FC Kaiserslautern through participation in the 1. Bundesliga
2015
In discussions about the use of public money for popular sports such as clubs in Germany’s 1. Bundesliga, it is often argued that the funds are well invested due to the cash flows generated by these organizations for their home regions. However, others claim the opposite. They argue that actually no positive impact is generated and, even worse, that money is leaving the region due to the clubs. The study presented here analyses the financial flows generated by the 1. FC Kaiserslautern for its home city (Kaiserslautern) and home state (Rhineland-Palatinate) during the 2010/11 season when the club participated in the 1. Bundesliga. Based on a 3-step model, the economic impact is calculated by…
Tourism and terrorism: conflicts and commonalities
2012
Purpose – The purpose of this paper is to explore why tourists continue to visit troubled and often violent nations, even when there is perceived risk. Tourism and terrorism reflect very different philosophies, but there are also some disturbing commonalities. Both need modern technology to be effective, both rely heavily on media management and both require the manipulation of perceptions and attitudes.Design/methodology/approach – The paper uses historical evidence to examine the rise and fall in world travel and tourism demand related to acts of terrorism.Findings – The paper observes that the Caribbean experienced a 13.5 percent decline in US visitors after the 9/11 terrorist attack in …
Cultural and socio-economic impacts of Mediterranean marine protected areas
2000
Marine protected areas (MPAs) may be important for protecting the marine environment, but they may also have substantial socio-cultural impacts about which very little is currently known, or acknowledged. In the Mediterranean, few data are available on the socio-economic consequences of MPAs. The present study reviews the existing data on MPAs in Spain, France, Italy and Greece. A general increase in tourist activities in Mediterranean MPAs is evident, as are increases in the abundances of larger fish species, although there are no data indicating yields for fisheries increase adjacent to MPAs. A large increase in the number of divers and vessels using MPAs has already had impacts on natura…
Evaluating the Regional Impact of a New Road on Tourism
2004
Ferri J. (2004) Evaluating the regional impact of a new road on tourism, Reg. Studies 38, 409–418. The aim of this work is to establish whether the opening of a motorway that extends along the east coast of Spain has significantly contributed to expanding hotel tourism in the Valencia region. Some of the most important tourist destinations in Spain, both domestic and international, are located in this region, such as Benidorm, Peniscola and Gandia. The A-7 motorway, also part of the E-15 road network, is not only a faster and safer means of road communication for tourists but also provides a new gate to Europe, connecting with other motorways. Using monthly data on nights spent in hotels by…