Economic assessment of special events : a perspective article
Purpose: This paper aims to provide a perspective on the economic assessment of special events. Design/methodology/approach: Three main approaches to the economic evaluation of special events are distinguished. These are: standard economic impact analysis, computable general equilibrium modelling, and cost benefit analysis. An historical account of the use of these approaches is given together with a discussion of the advantages and limitations of each. Findings: An important conclusion is that the evaluation of special events should go beyond economic impact analysis in favour of a more comprehensive “hybrid” assessment. Originality/value: The paper puts event evaluation into perspective and points to a promising future direction of study. An expected outcome of the use of hybrid models is a narrowing of the divide between practitioners and theorists regarding best practice event evaluation to the benefit of all stakeholders.
Year of publication: |
2019
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Authors: | Dwyer, Larry |
Published in: |
Tourism Review. - Emerald, ISSN 1660-5373, ZDB-ID 2412174-5. - Vol. 75.2019, 1 (23.11.), p. 191-193
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Publisher: |
Emerald |
Saved in:
Online Resource
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