The article investigates the economic contribution of tourism to the GDP. We review background methodologies, systematically collect data for EU countries, and develop a sound and ready-to-use procedure for computing indirect and total economic impacts. The routine is then applied to selected destinations for which a minimum standard in the quality of data from Tourism Satellite Accounts and Input–Output tables is met. Methodologically, the article provides a tool for estimating the total contribution of tourism to output, gross value added, and employment. Empirically, the comparison of results across EU economies shows a high degree of heterogeneity in the tourism share to GDP, which is critically discussed. Our procedure delivers a key tool to researchers, industry leaders, and policy makers willing to investigate income and employment consequences of scenarios differing in the evolution of tourism demand, something of high relevance in the COVID-19 era

Estimating the Economic Impact of Tourism in the European Union: Review and Computation / Paolo Figini; Roberto Patuelli. - In: JOURNAL OF TRAVEL RESEARCH. - ISSN 0047-2875. - ELETTRONICO. - 61:6(2022), pp. 1409-1423. [10.1177/00472875211028322]

Estimating the Economic Impact of Tourism in the European Union: Review and Computation

Paolo Figini
;
Roberto Patuelli
2022

Abstract

The article investigates the economic contribution of tourism to the GDP. We review background methodologies, systematically collect data for EU countries, and develop a sound and ready-to-use procedure for computing indirect and total economic impacts. The routine is then applied to selected destinations for which a minimum standard in the quality of data from Tourism Satellite Accounts and Input–Output tables is met. Methodologically, the article provides a tool for estimating the total contribution of tourism to output, gross value added, and employment. Empirically, the comparison of results across EU economies shows a high degree of heterogeneity in the tourism share to GDP, which is critically discussed. Our procedure delivers a key tool to researchers, industry leaders, and policy makers willing to investigate income and employment consequences of scenarios differing in the evolution of tourism demand, something of high relevance in the COVID-19 era
2022
Estimating the Economic Impact of Tourism in the European Union: Review and Computation / Paolo Figini; Roberto Patuelli. - In: JOURNAL OF TRAVEL RESEARCH. - ISSN 0047-2875. - ELETTRONICO. - 61:6(2022), pp. 1409-1423. [10.1177/00472875211028322]
Paolo Figini; Roberto Patuelli
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/833986
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