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Estimating the Economic Impact of Tourism. Edition No. 1

  • ID: 1910195
  • December 2008
  • 112 Pages
  • VDM Publishing House
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Many countries promote tourism in an attempt to
increase the gross domestic product, increase
employment, improve balance of payments, enhance
community infrastructure and diversify the economic
base. While more information about the relationship
between tourism and a country’s economic development
is needed, models assessing tourism economic impact
are not readily available, particularly in
developing countries.

The purpose of this study is to develop a Keynesian-
based model to assess the economic impact of tourism
on imports, investments, and governmental
expenditure in Albania, Croatia, the Former Yugoslav
Republic of Macedonia and Greece. When a country is
deciding to embark on tourism development as a
policy option, or to expand tourism industry, it
must be decided that long term benefits outweigh the
estimated costs. The model provides good instrument
for tourism policy decision makers by considering
leakages from imports, taxes and savings. It
especially will be useful to professionals in
tourism studies who may be considering utilizing it
also to estimate the impact of different types of
tourism in countries with limited data sources.

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Ariana, Çela.
Ariana Çela, Ed.D: Studied Economics and Finance at University
of Tirana, Albania and Tourism Studies at University of Northern
Iowa, USA. Project researcher at Sustainable Tourism and
Environment Program at UNI, and currently Budget Policy and
Analysis Director at Ministry of Finance, Tirana, Albania.

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Note: Product cover images may vary from those shown



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