Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach

Samuel Meng; Ananda Siriwardana

doi:10.1007/978-3-319-40328-1

Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach

Samuel Meng
, Ananda Siriwardana

Economics

Research output: Book/Report › Book › Research › peer-review

Abstract

The name 'computable general equilibrium (CGE) model' indicates the main features of this type of model. Equilibrium is a common economic term which means a system reaches a relatively stable state. For example, fluctuations of demand for and supply of apples will cause a change in apple prices: when demand for apples is greater than the supply of apples, apple prices will go up, and vice versa. However, over time, the demand and supply will reach a balance and thus the price of apples will be relatively stable.

Original language	English
Place of Publication	Cham, Switzerland
Publisher	Palgrave Macmillan
Number of pages	354
Edition	1
ISBN (Print)	9783319403281, 9783319403274
DOIs	https://doi.org/10.1007/978-3-319-40328-1
Publication status	Published - 2017

Keywords

Tourism Economics

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10.1007/978-3-319-40328-1

https://hdl.handle.net/1959.11/19955

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abstract = "The name 'computable general equilibrium (CGE) model' indicates the main features of this type of model. Equilibrium is a common economic term which means a system reaches a relatively stable state. For example, fluctuations of demand for and supply of apples will cause a change in apple prices: when demand for apples is greater than the supply of apples, apple prices will go up, and vice versa. However, over time, the demand and supply will reach a balance and thus the price of apples will be relatively stable.",

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AB - The name 'computable general equilibrium (CGE) model' indicates the main features of this type of model. Equilibrium is a common economic term which means a system reaches a relatively stable state. For example, fluctuations of demand for and supply of apples will cause a change in apple prices: when demand for apples is greater than the supply of apples, apple prices will go up, and vice versa. However, over time, the demand and supply will reach a balance and thus the price of apples will be relatively stable.

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Assessing the Economic Impact of Tourism: A Computable General Equilibrium Modelling Approach

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