Estimation of multipliers for the activity of hotels and restaurants
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Date
2014
Authors
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Journal ISSN
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Publisher
Elservier
Abstract
The purpose of this paper is to model and estimate the multipliers for Hotels and Restaurants, the most
characteristic of the industries that make up the tourism business. This multiplier can be used for
estimating the economic impact of tourism demand. Likewise, a tool for planners and policy makers is
provided. The data source is the set of InputeOutput tables gathered by the OECD, which, in its last
edition, has collected a sufficiently representative number of countries with an equally suitable disaggregation
level. Two models are elaborated, for the estimation of the Rasmussen backwards multiplier
and of the imports multiplier, respectively. Some explanatory variables previously used in the literature
are confirmed, while others are proposed as alternative ones.
Description
Tourism Management 40 (2014) 27e34
Keywords
InputeOutput multiplier; Economic impacts