Search results for "input-output model"

REGIONAL DEVELOPMENT PLANNING STRATEGY: DESIGNING A DYNAMIC INTEGRATED MODEL FRAMEWORK FOR THE SICILY REGION

Over the past decades, Sicily Region has experienced periods of stagnation, recession and sporadic slow economic growth, lagging always behind the national performance. As a consequence of globalization and deregulation, the relevance of regions in national economies has changed considerably in the last decades. Recognizing the importance of the Sicily region in the development process at national level, the purpose of the research is to further explore the dynamics governing the behaviour of the regional economic system. The goal is achieved by the use of simulation modelling: a model framework for the regional economic system is designed by integrating the System Dynamics (SD) methodology…

A dynamic model to value the economic impact and the economic sustainability of tourism in a resort area

2007

The systemic approach in studying tourism is firmly accepted in literature because of the complexity of the topic both from the supply side (the heterogeneity of goods and services making the tourism product) and the demand side (not every operator in the tourism network chain has a direct contact with tourists). To face this complexity the Input-Output analysis, theorized by Wassily Leontief, is widely used in empirical studies of tourism. Yet, in spite of such a diffusion and importance in tourism literature, the Input-Output models have several limits. In order to overcome some of these limits, the static Input-Output analysis is translated into a dynamic one by making use of System Dyna…