n South African Journal of Economic and Management Sciences - Regional economic impacts of events : a comparison of methods
|Article Title||Regional economic impacts of events : a comparison of methods|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 North-West University, 2 North-West University, 3 North-West University and 4 North-West University|
|Publication Date||Jan 2015|
|Pages||155 - 176|
|Keyword(s)||C68, D58, Event tourism, Input-output models, O18, O24, Q32, R13, Regional CGE modelling, Social accounting models and South Africa|
ISI Social Science
The purpose of this paper is to provide an overview and comparison of three related methods for modelling the short-run economic impact of events, namely the partial Input-Output (I-O), Social Accounting Matrix (SAM) and Computable General Equilibrium (CGE) models. An analysis of strengths and limitations of these different methods suggests that it may be considerations such as the underlying assumptions specific to each model, data collection, expected output, research objectives, and costs involved that determine the choice of modelling framework. Data from surveys conducted at the Aardklop National Arts Festival during 2010 were used in the comparative analyses, which were executed by means of two regional (i.e. provincial-level) models and one small-region (i.e. place-specific) model constructed for the small town.
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