The impacts of temporary but anticipated tourism spending: an application to the Glasgow 2014 Commonwealth Games

Grant J. Allan, Patrizio Lecca, Kim Swales

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

An extensive literature attempts to identify the economic impact of tourism expenditure. While Input-Output methods have been widely applied these may not always be appropriate for such applications and there is a growing use of more flexible Computable General Equilibrium (CGE) approaches. This paper uses a multi-period Scottish CGE model to estimate the system-wide effects of the temporary tourism expenditure related to the Glasgow 2014 Commonwealth Games. We quantify the sensitivity of our results to model specification, focusing in particular on how investment and consumption decisions are made and shifted over time to accommodate the temporary tourism shock. As part of this analysis we identify the pre-announcement period that optimises the present value of the economic impact. Whilst the empirical results apply to a specific event, our results have implications for similar analyses applied to mega events and other temporary phenomena affecting tourism expenditure, such as terrorism attacks or epidemics.
LanguageEnglish
Pages325–337
Number of pages13
JournalTourism Management
Volume59
Early online date31 Aug 2016
DOIs
Publication statusPublished - 30 Apr 2017

Fingerprint

Commonwealth of Nations
tourism
Tourism
expenditure
Economics
Terrorism
expenditures
economic impact
Specifications
computable general equilibrium analysis
terrorism
event
equilibrium model
present
Expenditure
Economic impact

Keywords

  • economic impact
  • CGE modelling
  • mega-events
  • tourism expenditure
  • temporary tourism

Cite this

@article{9d1fe216b01a478e90a86e5ee04d088e,
title = "The impacts of temporary but anticipated tourism spending: an application to the Glasgow 2014 Commonwealth Games",
abstract = "An extensive literature attempts to identify the economic impact of tourism expenditure. While Input-Output methods have been widely applied these may not always be appropriate for such applications and there is a growing use of more flexible Computable General Equilibrium (CGE) approaches. This paper uses a multi-period Scottish CGE model to estimate the system-wide effects of the temporary tourism expenditure related to the Glasgow 2014 Commonwealth Games. We quantify the sensitivity of our results to model specification, focusing in particular on how investment and consumption decisions are made and shifted over time to accommodate the temporary tourism shock. As part of this analysis we identify the pre-announcement period that optimises the present value of the economic impact. Whilst the empirical results apply to a specific event, our results have implications for similar analyses applied to mega events and other temporary phenomena affecting tourism expenditure, such as terrorism attacks or epidemics.",
keywords = "economic impact, CGE modelling, mega-events, tourism expenditure, temporary tourism",
author = "Allan, {Grant J.} and Patrizio Lecca and Kim Swales",
year = "2017",
month = "4",
day = "30",
doi = "10.1016/j.tourman.2016.08.014",
language = "English",
volume = "59",
pages = "325–337",
journal = "Tourism Management",
issn = "0261-5177",

}

The impacts of temporary but anticipated tourism spending : an application to the Glasgow 2014 Commonwealth Games. / Allan, Grant J.; Lecca, Patrizio; Swales, Kim.

In: Tourism Management, Vol. 59, 30.04.2017, p. 325–337.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The impacts of temporary but anticipated tourism spending

T2 - Tourism Management

AU - Allan, Grant J.

AU - Lecca, Patrizio

AU - Swales, Kim

PY - 2017/4/30

Y1 - 2017/4/30

N2 - An extensive literature attempts to identify the economic impact of tourism expenditure. While Input-Output methods have been widely applied these may not always be appropriate for such applications and there is a growing use of more flexible Computable General Equilibrium (CGE) approaches. This paper uses a multi-period Scottish CGE model to estimate the system-wide effects of the temporary tourism expenditure related to the Glasgow 2014 Commonwealth Games. We quantify the sensitivity of our results to model specification, focusing in particular on how investment and consumption decisions are made and shifted over time to accommodate the temporary tourism shock. As part of this analysis we identify the pre-announcement period that optimises the present value of the economic impact. Whilst the empirical results apply to a specific event, our results have implications for similar analyses applied to mega events and other temporary phenomena affecting tourism expenditure, such as terrorism attacks or epidemics.

AB - An extensive literature attempts to identify the economic impact of tourism expenditure. While Input-Output methods have been widely applied these may not always be appropriate for such applications and there is a growing use of more flexible Computable General Equilibrium (CGE) approaches. This paper uses a multi-period Scottish CGE model to estimate the system-wide effects of the temporary tourism expenditure related to the Glasgow 2014 Commonwealth Games. We quantify the sensitivity of our results to model specification, focusing in particular on how investment and consumption decisions are made and shifted over time to accommodate the temporary tourism shock. As part of this analysis we identify the pre-announcement period that optimises the present value of the economic impact. Whilst the empirical results apply to a specific event, our results have implications for similar analyses applied to mega events and other temporary phenomena affecting tourism expenditure, such as terrorism attacks or epidemics.

KW - economic impact

KW - CGE modelling

KW - mega-events

KW - tourism expenditure

KW - temporary tourism

UR - http://www.sciencedirect.com/science/journal/02615177

U2 - 10.1016/j.tourman.2016.08.014

DO - 10.1016/j.tourman.2016.08.014

M3 - Article

VL - 59

SP - 325

EP - 337

JO - Tourism Management

JF - Tourism Management

SN - 0261-5177

ER -