Assessing the Economic Impact of Tourism A Computable General Equilibrium Modelling Approach 1st Edition by Samuel Meng, Mahinda Siriwardana 3319403281 9783319403281

Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach 1st Edition by Samuel Meng, Mahinda Siriwardana – Ebook PDF Instant Download/Delivery:  3319403281, 9783319403281 

Full download Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach 1st Edition after payment

Product details:

ISBN 10: 3319403281 

ISBN 13: 9783319403281

Author: Samuel Meng, Mahinda Siriwardana 

This book employs a computable general equilibrium (CGE) model – a widely used economic model which uses actual data to provide economic analysis and policy assessment – and applies it to economic data on Singapore’s tourism industry. The authors set out to demonstrate how a novice modeller can acquire the necessary skills and knowledge to successfully apply general equilibrium models to tourism studies. The chapters explain how to build a computable general equilibrium model for tourism, how to conduct simulation and, most importantly, how to analyse modelling results. This applied study acts as a modelling book at both introductory and intermediate levels, specifically targeting students and researchers who are interested in and wish to learn computable general equilibrium modelling. The authors offer insightful analysis of Singapore’s tourism industry and provide both students and researchers with a guide on how to apply general equilibrium models to actual economic data and draw accurate conclusions.

Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach 1st table of contents: 

1: An Introduction to CGE Modelling
1.1 What Is a CGE Model?
1.2 A Brief Historical Review of CGE Modelling
1.2.1 Walras´ Law: The Theoretical Foundation for CGE Modelling
1.2.2 Input-Output Analysis: The Predecessor of CGE Modelling
1.2.3 Advent of CGE Modelling
1.3 Elements of a Standard CGE Model
1.3.1 Elements in CGE Model Structure
1.3.2 Elements in CGE Database
1.4 Types of CGE Models
1.4.1 Static Versus Dynamic CGE Models
1.4.2 Single-Country Versus Global CGE Models
1.4.3 Single-Region Versus Multi-Regional CGE Models
1.4.4 Top-Down Versus Bottom-Up CGE Models
1.4.5 Multi-Household and/or Multi-Occupation CGE Models
1.4.6 CGE Models by Research Area
1.5 Acceptance of CGE Modelling
1.6 An Evaluation of CGE Modelling
1.6.1 Advantages of a CGE Model Over Other Simulation Models
1.6.2 Drawbacks of CGE Modelling
References
2: Useful CGE Modelling Packages
2.1 GEMPACK Versus GAMS
2.1.1 Advantages of a Linear Model
2.1.2 Percentage Change Linearization Approach
2.1.3 Multi-Step Process to Minimizing the Linearization Errors
2.2 How to Use GEMPACK to Do a Simulation
2.2.1 Using RunGEM
2.2.2 Using WinGEM
2.2.3 Viewing Simulation Results
2.3 How to Use GEMPACK to Construct/Change a Model
2.3.1 Creating a TAB File
2.3.2 Creating a HAR File
2.3.3 Creating a CMF File
2.3.4 Creating an STI File
References
3: Application of CGE Modelling to Tourism
3.1 Suitability of a CGE Model in Tourism Analysis
3.2 Assessing the Impact of Tourism Demand and Tourism Policy
3.3 Assessing the Impact of Mega Events on Tourism and on the Economy
3.4 Assessing the Impact of Tourism on the Environment and Natural Resources
3.5 Assessing the Distributional Effect of Tourism
References
4: Collecting Background Information for a Tourism CGE Model
4.1 Information on Economic Structure and the Role of Tourism
4.1.1 General Feature of Singaporean Economy and Its Implications
4.1.2 Manufacturing Sector
4.1.3 Trade, Hotels, and Restaurants
4.1.4 Financial and Business Services
4.1.5 Transportation and ICT Services
4.1.6 Linkages Among Sectors
4.2 Information on Tourism Resources
4.2.1 Favourable Geographic Position and Tropical Environment
4.2.2 Colonial Historical Legacy
4.2.3 Sound Infrastructure and Efficient Service
4.3 Performance of the Tourism Sector
4.3.1 International Comparison
4.3.2 Performance over Time
4.3.3 Performance of the Hospitality Industry
4.4 Characteristics of Tourism Market
4.4.1 A Holiday and Business/MICE Destination
4.4.2 Diverse but Uneven Tourism-Generating Markets
4.4.3 Gateway Tourism
4.4.4 Tourism Shopping and Health Tourism
4.5 Information on Tourism Policies
4.5.1 Modernist Aspiration (1965-1985)
4.5.2 Heritage Tourism (1986-1995)
4.5.3 Tourism Capital (1996-Present)
References
5: Constructing a Tourism CGE Model
5.1 How to Incorporate Tourism into a CGE Model
5.1.1 Creating a Real Tourism Industry
5.1.2 Creating a Shadow Tourism Industry
5.1.3 Modelling the Tourism Industry Directly from the Demand Side
5.1.4 The Overview of a Tourism CGE Model
5.2 Production of Goods and Services
5.2.1 Demand for Composite Inputs
5.2.2 Demand for Intermediate Inputs
5.2.3 Demand for Primary Factors
5.2.4 Output Mix
5.3 Investors´ Demand
5.4 Household Utility
5.5 Tourism Demand
5.5.1 Demand for Composite Tourism Services
5.5.2 Demand for Tourism Shopping and Non-Shopping Services
5.5.3 Tourism Shopping Expenditure Pattern
5.5.4 Tourism Non-Shopping Services Demand
5.5.5 TABLO Codes for Tourism Demand
5.6 Exports and Other Final Demands
5.6.1 Foreign Demand for Exports
5.6.2 Government Demand
5.7 The Price System
5.7.1 The Basic Values
5.7.2 The Purchasers´ Prices
5.8 Income, Consumption, and Investment
5.8.1 Household Income, Consumption, and Budget Constraint
5.8.2 Government Income
5.8.3 Investment and Capital Accumulation
5.9 Imports, Exports, and Balance of Trade
5.10 Price Indices, Wage Indexation, and GDP Price Deflator
5.11 Market Clearing Equations
5.12 The Complete Model
References
6: Preparing Database for a Tourism CGE Model
6.1 Data Requirements
6.1.1 I-O Data
6.1.2 Other Data
6.2 Data Availability and Sources
6.2.1 Singaporean I-O Tables
6.2.2 Other Sources
6.3 Model Accounts
6.3.1 Production Account
6.3.2 Household Account
6.3.3 Tourism Account
6.3.4 Sectoral Employment
6.3.5 Investment Matrices
6.3.6 Tax Matrices
6.4 Behavioural Parameters
6.4.1 Input Substitution Elasticities
6.4.2 Products Transformation and Export Demand Elasticities
6.4.3 Tourism Demand and Tourism Substitution Elasticities
6.4.4 Frisch Parameter and Household Expenditure Elasticities
References
7: Model Implementation and Testing
7.1 The Integrity of Model Implementation
7.1.1 The Accuracy and Consistency of Data
7.1.2 The Rigorous Simulation Procedure in GEMPACK
7.1.3 Model Validity Tests
7.2 Simulation Design
7.2.1 Economic Environment for Simulation
7.2.2 Simulation Plans
7.3 Sensitivity Tests
7.3.1 Testing Tourism and Export Demand Elasticities
7.3.2 Testing Wage Indexation and Product Transformation Elasticities
7.3.3 Testing Substitution Elasticities
7.3.4 Systematic Sensitivity Analysis
References
8: Interpretation of Results from a Tourism CGE Model
8.1 The Impact of Disaggregated Tourism Demand
8.1.1 The Macroeconomic Effects
8.1.2 The Sectoral Effects
8.1.3 Employment Effects
8.2 The Impact of Negative Mega Events and Policy Responses
8.2.1 The Macroeconomic Effects
8.2.2 The Tourism Effects
8.2.3 The Sectoral Effects
8.2.4 The Employment Effects
8.3 The Effectiveness of Singaporean Tourism Policies*
8.3.1 The Macroeconomic Effects
8.3.2 The Tourism Effects
8.3.3 The Sectoral Effects
8.3.4 The Employment Effects
References
9: Frontiers of Tourism CGE Modelling
9.1 Modelling Tourism in a Richer Environment
9.2 Modelling Tourism with a Multi-Regional CGE Model
9.3 Modelling Tourism with a Global Context
9.4 Modelling Tourism Using a Dynamic CGE Model

People also search for Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach 1st:

economic impact of tourism
 
3 economic impacts of tourism
 
economic impact of travel and tourism
 
how to calculate economic impact of tourism
 
economic impact of tourism definition

Tags: Assessing, Economic Impact, Tourism, Computable, General Equilibrium, Samuel Meng, Mahinda Siriwardana